Three developers to compete for Yangon Railway Station Complex Project

Artist’s Impression of the Yangon Railways Station Yard.
Artist’s Impression of the Yangon Railways Station Yard.

Yangon, 28 Jan — Three developers have submitted proposal documents to Myanma Railways to compete for the Yangon Central Railway Station comprehensive development project, according to an announcement by
the Ministry of Rail
Transportation.
Out of nine domestic and foreign companies selected for the project in October, 2014, three companies submitted their proposal documents to the ministry before the closing date for tender submission on 6 January.
The ministry has not disclosed the names of the three companies that will compete for the project.
The nine developers were selected from the 28 shortlisted companies that sent Expressions of Interest (EOI) for the project.
Those included Shwetaung and Shwethanlwin companies from Myanmar, one Japan-Myanmar joint venture company, one Vietnam-China-Myanmar company, one Myanmar-Singapore company and companies from Singapore, Japan, China, Canada, Taiwan and Myanmar, according to the announcement of Myanma Railways last October.
Investment in the Yangon Central Railway Station area comprehensive development project will reach $2-2.5 billion, according to Deputy Minister for Rail Transportation U Myint Thein.
Myanma Railways invited Expressions of Interest (EOI) in April for the project that is to be implemented over more than 62 acres of Myanma Railways land and urged local and international or joint venture developers/investors to undertake design-and-build work for the project after one month.
The project will be implemented in accordance with an international tender process and will ensure transparency, according to the deputy minister.
The project is expected to launch in February or March.
To implement the project, Myanma Railways is working together with an international consulting firm to decide whether the project should be a joint-venture or a BOD project.
Annually, around K40-45 billion is paid in subsidy to Myanma Railways by the government.
The project is a business development of Myanma Railways and will develop rail-concerned business according to international practices to be able to reduce the annual subsidy, according to the ministry.
According to sources, the area where Yangon Central Railway Station area comprehensive development is sited is not included in the restricted area of high-rise buildings in which the height of buildings is restricted to 470 metres above sea level.
So far, the Resettlement Action Plan and the Conceptual Plan for the project have already been drawn, according to MR sources.
In the first phase of the project, staff families of the MR living in quarters would be resettled and the factories of MR in the project area would be relocated.--GNLM

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