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Private capital needed to fund required infrastructure

Unlocking investment from the private sector is necessary for Myanmar to fund its building of transport infrastructure, speakers at a construction sector forum said. Bankability and risk-sharing would be the two key criteria to incentivise businesses to take part. Recently, the European Chamber of Commerce Myanmar (EuroCham) held the first construction forum in Yangon. The […]

Investors to be invited to boost LPG, CNG businesses

Investors will be invited to boost gas exploration as well as LPG and CNG businesses, said Union Minister Win Khaing for Electricity and Energy. He said investment in such businesses would help improve Myanmar’s electricity sector. “To improve the electricity sector, we will invite investors to cooperate with us in exploring gas and developing LPG […]

Surbung Airport, the high altitude gateway to Chin State

Located in the northwest of Myanmar, the 13907-squaremile Chin State is decorated with rhododendrons, cherries and various species of orchids and bluish mountains and ranges, almost touching the grey and white clouds, floating high in sky. Chin State is formed with Kanpetlet, Mindat, Paletwa, Matupi, Haka, Thantlang, Falam, Tiddim and Tonzang townships. Its capital city […]

Korean company conducts survey to build a dry port in Monywa

A Korean company is conducting a survey to build a dry port in Monywa, Sagaing Region to transport containers using railroad, according to Ministry of Transportation and Communications. At the present, the ministry is built a dry port each in Ywarthagyi in Yangon Region and Myitnge in Mandalay Region and seven places are proposed to […]

Chinese Firm Proposes $1.5-bn Elevated Railway for Yangon

YANGON—China is looking to make further inroads into Myanmar’s economy by funding a US$1.5-billion elevated railway project in the country’s commercial capital, Yangon. China Railway Eryuan Engineering Group Co., Ltd (CREEC) made a presentation about its planned project to develop an elevated railway to lawmakers in a media room in the regional parliament on Monday. […]

India, Myanmar discuss connectivity projects; to ink pact for seamless cargo, traffic movement

India and Myanmar on Friday discussed various projects to enhance bilateral connectivity, besides agreeing to ink a pact for seamless movement of cargo and traffic, an official statement said. Myanmar Minister for Communication and Transport U Thant Sin Maung called on Road Transport, Highways and Shipping Minister Nitin Gadkari here. Both the leaders discussed the […]

China to hold 70% stake in Myanmar’s planned strategic seaport

Myanmar will hold a 30 percent stake in its strategic deep-water seaport project led by cash-rich China, giving Beijing a 70 percent interest, under their final agreement reached during recent talks between the two countries, according to a visiting senior Myanmar official. That is an improvement for the emerging Southeast Asian economy from the initially […]

Electricity subsidy is wrong, Pun tells minister

Business leader Serge Pun weighed into the debate on the country’s energy tariff reforms at the Myanmar Global Investment Forum in Nay Pyi Taw on September 11, calling the electricity subsidy “wrong” and saying that the authorities are not pushing reforms due to “political sensitivity.” “I think it [subsidising electricity] has always been a wrong […]

Korean investments could kick start long-delayed construction of Dala Bridge

An industrial zone to be developed by the Yangon regional government and Myanmar Wooree Co, a South Korean firm, at the west bank of the Yangon River could be the impetus needed for construction of the much-touted Dala Bridge to commence. Once the bridge, which will connect downtown Yangon to the western side of town, […]

Yangon’s plan to build dry port in the east waylaid by parliament concerns

The Yangon government’s plan to launch two logistics projects in the outskirts of the city to relief traffic congestion downtown has been met with parliament resistance. The Ngwe Pin Le Integrated Logistics Zone and IWT Jetty Link Dry Port Project are now being established across 194 acres of land near Ngwe Pin Le industrial zone […]