Eight years needed to build Yangon railway station project
Eight years needed to build Yangon railway station project
Myanmar Times, 21 Feb 2018
URL: https://www.mmtimes.com/news/eight-years-needed-build-yangon-railway-station-project.html
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 eight years to complete the construction, according to the winning consortium, which also claims that the work will create 100,000 local construction jobs.
The Central Transport Development Consortium (CTDC) has been selected as the preferred bidder to redevelop the 25.7 hectares (63.5 acre) prime site around Yangon Central Railway Station in the city centre of Myanmar’s commercial capital. Another consortium involving Singapore-listed Yoma Strategic Holdings and Myanmar-listed First Myanmar Investment also applied for tender.
CTDC was selected among the 18 participants from 14 countries that applied for the EOI (Expression of Interest). The tender process took nearly three years to complete.
This railway station project is expected to be Myanmar’s largest joint venture investment project to date under the National League for Democracy-led government, bringing an estimated $2.5 billion investment to the intersection between downtown Yangon and the Aung San Stadium. The consortium estimates that the project will create 100,000 jobs for local construction workers.
The Central Transport Development Consortium (CTDC) has been selected as the preferred bidder to redevelop the 25.7 hectares (63.5 acre) prime site around Yangon Central Railway Station in the city centre of Myanmar’s commercial capital. Another consortium involving Singapore-listed Yoma Strategic Holdings and Myanmar-listed First Myanmar Investment also applied for tender.
CTDC was selected among the 18 participants from 14 countries that applied for the EOI (Expression of Interest). The tender process took nearly three years to complete.
This railway station project is expected to be Myanmar’s largest joint venture investment project to date under the National League for Democracy-led government, bringing an estimated $2.5 billion investment to the intersection between downtown Yangon and the Aung San Stadium. The consortium estimates that the project will create 100,000 jobs for local construction workers.