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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.
The project will follow a mixed development basis, comprising a new central transportation hub that integrates rail and mass transit, surrounded by amenities of housing and commerce. It will replace the existing Yangon Central Railway Station, which built in the 1870s during the British rule.
Yangon Central Railway Station is located in downtown Yangon, the former national capital and the largest city in the Myanmar, located in the lower region of the country. The station is the largest railway station in Myanmar. It is the gateway to Myanmar Railways' 5,031km rail network whose reach covers Upper Myanmar (Naypyidaw, Mandalay, Shwebo), upcountry (Myitkyina), Shan hills (Taunggyi, Kalaw) and the Taninthayi coast (Mawlamyine, Ye).
The project will occupy a site area of 25.7 hectares, with an intended development gross floor area of 1.09 million square metres. It is estimated to cost around US$2.5 billion.
The tender process has taken around four years to complete. As reported on this platform, Myanmar's Ministry of Railways (MOR) launched a tender in 2014. Despite shortlisting 24 companies, the Ministry cancelled it due to a lack of qualified applicants. The second tender called in 2015 saw 18 proposals from 14 countries out of which 15 companies were shortlisted.
The award of contract is subject to negotiations and legal arrangements.
Sino Great Wall Co, previously known as Shenzhen Victor Onward Textile Industrial Co Ltd, is engaged in construction, engineering and the health sector and is based in Beijing. Min Dhama is an arm of Mottama Holdings owned by Myanmar-Chinese entrepreneur U Yang Ho. Oxley Holdings is listed on the Singapore stock exchange.