Browsing: Myanmar

Myanmar Construction News

Myanmar Parliament Approves Loan from China for Purchase of Chinese Trains

The Ministry of Transport and Communications has submitted the matter of seeking China loans without interest to buy railway carriages to Union Parliament for approval. Union Minister Thant Sin Maung submitted the matter seeking a loan


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Construction ministry receives 12 bids for Yangon elevated expressway

Myanmar’s Ministry of Construction announced last week that it had received 12 bids for a public–private partnership (PPP) project to build a $1.5bn elevated ring road around the country’s commercial capital of Yangon. The ministry unveiled


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Singapore group wins bid for $1.4-B new Myanmar airport

Yangon– A Singaporean-led group has won a $1.4-billion bid to build a second international airport in Myanmar’s commercial hub Yangon, authorities said Wednesday, as the long-isolated nation gears up for a dramatic increase in foreign arrivals.


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China pens deal to finance $1.3bn deep water Kyaukphyu port in Myanmar

A state-owned Chinese investor has agreed to develop a $1.3bn deep sea port in the southwest Myanmar town of Kyauk Pyu, in line with China’s Belt and Road Initiative. At the press conference, CITIC chair Chang


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Japan pledges $100,000 for each Myanmar village building plan

The Japanese government says it is ready to contribute US$100,000 (K133.7 million) for each community-centred infrastructure project in villages to help underdeveloped areas of the country. The money, from Japan’s Official Development Assistance, will be channelled via


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Singapore’s Oxley bags Yangon station project

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


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South Korea eyeing Myanmar infrastructure investments

South Korea is eyeing expansion opportunities in manufacturing and infrastructure in Myanmar. At the Myanmar-Korea Investment Promotion Seminar in Yangon last Thursday, a delegation of 13 South Korean countries met with officials from the Ministry of


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Bouygues, Kajima, Taisei bag $1.1bn of work in Myanmar

TOKYO — General contractor Kajima will sign up for a 45 billion yen ($398 million) urban development project in Yangon, building offices, hotels and other facilities in bringing its city planning expertise to Myanmar. Today it


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Myanmar mulls B4.5bn loan

Myanmar’s cabinet is expected to make a decision in three months on whether it will seek a 4.5-billion-baht soft loan from Thailand to build a 138km road from the Thai border to the Dawei deep-sea port


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Japan’s IHI inaugurates heavy concrete factory joint venture in Myanmar

Japan’s IHI Corp held an opening ceremony Sunday for its heavy concrete factory in Myanmar, becoming the first Japanese plant producing pre-stressed concrete products in Southeast Asia’s newest emerging market. The Tokyo-based heavy industry company, in


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