Oxley Holdings Limited has announced that it has been selected as the preferred bidder for the Yangon Central Railways Station Area Comprehensive Development Project, alongside consortium partners Min Dharma Co., Ltd and Sino Great Wall Co., Ltd.
Infrastructure/PPP news in Myanmar (Burma)
The International Finance Corporation (IFC) is to advise the Ministry of Construction of the government of Myanmar on a 20.5-kilometre elevated toll road project in Yangon, the largest city in the country, located on the south coast. This is the country's first greenfield road PPP project.
The Department of Civil Aviation (DCA) of Myanmar has launched a tender process for three domestic airports.
The Asian Development Bank (ADB) and the Government of Myanmar have agreed to partner up in promoting public-private partnerships (PPP) in the transport sector.
IFC, a member of the World Bank Group, has recently announced that it will help to improve Myanmar’s under-developed transportation sector by providing US$40 million of financing to Myanmar Industrial Port (MIP).
Ooredoo Group’s fully owned subsidiary Ooredoo Myanmar has made funding arrangements with the Asian Development Bank (ADB) and the International Finance Corporation (IFC), the private sector investment arm of the World Bank Group to expand a nationwide modern mobile telecom network in Myanmar. Ooredoo Group and Ooredoo Myanmar teams have successfully secured the funding. ADB and IFC will each provide US150 million loan to Ooredoo Myanmar.
The Myanmar ministry of railways (MOR) has shortlisted 15 firms and joint ventures for the development of the Yangon Central Railways station.
A consortium comprising JGC Corporation, Yongnam Holdings Limited and Changi Airports International has signed a framework agreement with Myanmar’s Department of Civil Aviation (DCA), reaching a milestone in the Hanthawaddy International Airport PPP project.
InfraCo Asia Development has signed a 5-year developer services agreement with Infra Capital Myanmar, a joint venture between ReEx Capital Asia Private Limited and ADL Capital Developments.
The Ministry of Construction of Myanmar has called for expressions of interest for an upgrade of the Rangoon-Mandalay highway under a Build-operate-transfer (BOT) scheme.
Myanmar has completed all procedures to become the 11th shareholder of the ASEAN Infrastructure Fund (AIF), joining other Association of Southeast Asian Nations (ASEAN) country members and Asian Development Bank (ADB).
JALUX Inc., Mitsubishi Corporation (MC), and Myanmar's SPA affiliated group-company Yoma Development Group Limited, a wholly-owned subsidiary of Yoma Strategic Holdings Ltd., have signed a concession agreement with Myanmar's Department of Civil Aviation (DCA) to operate and rehabilitate Mandalay International Airport for 30 years.
A consortium led by Singapore's Yongnam Holdings Ltd. (YNH) has got the award the Hanthawaddy International Airport concession in Myanmar.
Last Friday, twenty-one Asian countries signed a Memorandum of Understanding (MOU) to establish the Asian Infrastructure Investment Bank (AIIB) as founding members in Beijing.
InfraCo Asia, a commercially managed infrastructure development company which aims to promote private investment in infrastructure and is funded by the multi-donor Private Infrastructure Development Group (PIDG), has launched a procurement process to select an infrastructure development firm for projects in Myanmar.
The Myanmar ministry of railways (MOR) has shortlisted 24 consortia for the development of the Yangon Central Railways station through a PPP project.
Myanmar is slated to join the shareholders of the ASEAN Infrastructure Fund (AIF), bringing all 10 ASEAN members into the AIF. With Myanmar expected to join within 2014, the existing AIF shareholders include Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Philippines, Singapore, Thailand, Viet Nam, and the Asian Development Bank (ADB).
Myanmar's Department of Civil Aviation (DCA) has announced that it plans to issue a tender process in the last quarter of this year inviting local and foreign companies to upgrade 39 underdeveloped domestic airports.
A consortium including Singapore's Changi Airport Planners and Yongnam Holdings Inc has been invited by the government of Myanmar to re-enter negotiations for the Hanthawaddy International Airport concession.
Mitsubishi Corporation, Marubeni Corporation and Sumitomo Corporation on Tuesday announced the establishment of a new consortium to develop the Thilawa Special Economic Zone project in Myanmar.