Ernst and Young given green light for Htantabin Industrial Park Project’s Swiss Challenge

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By Nyein Nyein

Ernst and Young has been chosen to operate the Swiss Challenge tendering process for Htantabin Industrial Park project, Yangon Region government stated. The consultant firms were invited to take charge of the tendering process as per notification dated 30 July. Following the announcement inviting RFPs, Ernst and Young Myanmar, Deloitte Touche Myanmar Vigour Advisory Limited, PricewaterhouseCoopers (PWC) Myanmar Co. Ltd, and Roland Berger Co. Ltd submitted their requests for proposal. A consultant selection team was formed to carry out Htantabin Industrial Park Project’s Swiss Challenge. U Ye Min Oo, Regional Minister for Planning and Finance, was appointed as the chairman with ten members as per Yangon Region government’s meeting 36/2020 decision paragraph 103 on 27 August. Consultant selection team held discussions on 21 and 28 October to evaluate the consultant companies for Swiss challenge. Ernst and Young Company was selected for Swiss Challenge on 6 November, Yangon Region government notified.
Industrial Park project, covering a total of 2,216.40 acres of Lamutan, inner and outer Yaykyaw village-tracts in Htantabin Township, was submitted to Yangon Region Hluttaw on 1 July 2019. Following the approval at the regional parliament, the project was forwarded to the Union Government and the respective ministries. Yangon Htantabin Technology Park Co., Ltd, a Hong Kong SAR-China (Taipei) consortium, signed a Memorandum of Understanding for Htantabin Industrial Park project, with a capital of over US$500 million, at Yangon Investment Forum 2019. (Translated by Ei Myat Mon)

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