Japan’s Sumitomo Corporation will replace China’s Sino Great Wall Co., which has withdrawn from the project to upgrade Yangon Central Railway Station, managing director U Ba Myint of Myanma Railways told The Irrawaddy. The Yangon Central Railways Station Area Comprehensive Development Project was unveiled in 2015. In February 2016, 15 companies were shortlisted and two […]
Japanese firm to build train station along Yangon Circular Railway
July 23, 2018 by
Japan’s Hello Communications has submitted a proposal to upgrade train stations along the Yangon Circular Railway to Myanma Railways, which operates the line, U Arkar Min Thu, general manager of the economic department under Myanma Railways, told The Myanmar Times on Tuesday. It is the first time Myanma Railways is receiving proposals from the private […]
Confident of long term growth, Serge Pun bets big on tourism, property
April 23, 2018 by
Investors looking for clues on where the Myanmar economy is headed may glean some insight from Serge Pun’s recent corporate maneuvers. The 65-year-old Myanmar tycoon has not been idle of late. Last month, units of Peninsula Residences Yangon, a collection of 96 private luxury homes, went on sale. The homes are part of the Yoma […]
Eight years needed to build Yangon railway station project
February 21, 2018 by
With an estimated price tag of US$2.5 billion and eight years to build, the time cost and investment needed for the Yangon Central Railway Station redevelopment are massive. THE US$2.5 billion Yangon railway station project, which is set to be Myanmar’s largest joint venture investment project under the National League for Democracy-led government, will take […]
Singapore’s Oxley gets inside track on Yangon Central Railway Station project
February 19, 2018 by
YANGON — Singapore-based real estate company Oxley Holdings and its consortium partners have been named the preferred bidders for redevelopment around the Yangon Central Railway Station, a $2.5 billion project by government estimate. The company has won preferential negotiation rights along with Chinese construction company Sino Great Wall and Myanmar developer Min Dhama. The order […]
Yangon Central Railway Station redevelopment to start in 2018
September 4, 2017 by
The redevelopment of Yangon Central Railway Station will start next year, said general manager U Htun Aung Thin from Myanma Railways. Myanma Railways aimed to upgrade Yangon railways station to become as an international standard in order to provide more convenience and comfort to passengers. Myanma Railways aimed to construct modern buildings which will include […]
New mega-complex project approved near Yangon’s Shwedagon Pagoda
July 22, 2017 by
A Japan-led consortium has officially obtained permission to build a large-scale mixed-development project at the intersection of Shwedagon Pagoda Road and U Wisara Road in Yangon. Development of the US$332.5 million project will begin this year on the former site of the military museum across 16,000 sq m of land. It will comprise a high-grade […]
Mitsubishi Consortium to Build Yangon Complex
November 25, 2016 by
TOKYO — A Japanese consortium that includes developer Mitsubishi Estate and trading company Mitsubishi Corp. will build a commercial complex in Yangon in partnership with local developers. The project, in a country often referred to as Asia’s last frontier, includes two office buildings, condominiums and a hotel and services unit on a 4-hectare site in […]
Mitsubishi to begin Myanmar project
July 15, 2016 by
YANGON – Japanese trading house Mitsubishi Corp said Tuesday that it has agreed with Mitsubishi Estate Co to commence work on a mixed-use landmark development project in downtown Yangon, Myanmar, in collaboration with Singapore-listed Yoma Strategic Holdings Ltd and local firm First Myanmar Investment Co. The project, which will cover 200,000 square metres of residential, […]
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