yangon new city project tender

Yangon Region Chief Minister U Phyo Min Thein participates in the groundbreaking ceremony of Yangon Amata Smart and Eco City in Dagon Myothit on 27 December 2020. At a meeting with journalists from China and Southeast Asia earlier this year, the company stated that job creation was the main reason for building the new city. indicated that most areas of the project will be flooded annually by 2050, if global temperature rises by 2 degrees celsius. However, the project has been a source of controversy due to its flood-prone location as well as CCCC’s involvement. ALL ABOUT YANGON CITY PROJECT COLLECTION 2019 1. “Swiss Challenge” tender for the development of an industrial park in Yangon's “New City” This is to inform you that a tender was put out today for the development of an industrial park with essential ancillary infrastructure within the Yangon New City project. U Phyo Min Thein has announced he is not seeking re-election for the 2020 polls. The Ministry of Investment and Foreign Economic Relations announced on 24th Oct that it has received 16 investment proposals for the New Yangon City project, which is part of China’s Belt and Road Initiative (BRI) from nine countries, including Japan, Singapore, Italy, Spain and France against China Communications Construction Company (CCCC). Rather than launching a tender for the project, authorising body New Yangon City Development (NYCD) awarded the contract for the project’s first phase to the China Communications Construction Company (CCCC) back in 2018. August 10, 2020 by Thiha. Support more independent journalism like this. Myanmar and the BRI Many BRI projects are planned in Myanmar. At the beginning of this project, the question was raised about the country’s sovereignty due to the involvement of Chinese companies and businesspersons behind the curtain. The project will address urgent water infrastructure needs associated with bulk water supply in Yangon City. "Tenders from both local and foreign companies will be called soon," said an official at the Yangon City Development Committee's city planning and land administration department. The project is being executed by the New Yangon Development Company (NYDC), which is wholly owned by the Yangon regional government. 494. The project includes a logistics component that will connect the new city with nearby cities, to ensure land prices do not drop after the new city is completed. The government has estimated that Yangon will develop into a mega city in the next 10 years. He wanted international companies to compete in the tender for the project. YANGON—The Myanmar government has invited investors to submit competing proposals against a Chinese company’s proposal to develop an industrial park and related infrastructure for the New Yangon City project, in a move that brings the backbone project under China’s ambitious Belt and Road Initiative (BRI) one step closer to implementation. The originally massive project was The Yangon government’s 2019 guidebook listing the city’s projects—the Yangon Project Bank— estimates the New Yangon City project’s total cost at $8 billion. Myanmar's leading carrier, Myanmar Airways International (MAI), received its second A320 yesterday. The Myanmar government will split up the tender process of U Phyo Min Thein’s ambitious new city project, making it less difficult for companies to. As Myanmar is one of the most vulnerable countries to climate change, research by think tank Climate Central NYDC is a special company incorporated by the Yangon region government in March 2018 to undertake the development of the Yangon New City as a … The project will be developed under Public-Private Partnerships (PPP) system with a total of 47.5 kilometers in length. 30/07/2020 Myanmar breaks up Yangon new city for tender. The Tender Committee consists of five members chaired by Deputy Minister of Transport and Communications U Kyaw Myo, with Deputy Minister of Planning, Finance & Industry U Sett Aung, Deputy Minister of Ministry of Investment and Foreign Economic Relations U Bharat Singh, Minister of Planning and Finance of the Yangon Regional Government U Ye Min Oo, and the Secretary of Yangon City Development Committee Daw Hlaing Maw Oo as members. The tender process for the development, which is part of China’s huge New Yangon City project, is likely to be conducted after the November general election, based on … tender but said this was to “avoid wasting time” and a so-called “Swiss Challenge” would be carried out instead. It is a company wholly-owned by the Yangon Region government. The Yangon Regional Government has invited bids from interested developers for the Yangon New City project, according to an announcement in state-run newspapers. Three companies won tenders in 2015 to develop the “new city” project, sited west of downtown Yangon. U Thaung Tun’s announcement marks a shift for the megaproject because companies could now challenge CCCC for individual infrastructure proposals. New Yangon City Development (NYDC), the regional government-owned developer led by its CEO Serge Pun, signed an agreement with China Communications TPN Media's is registered in Myanmar under the name UT Business Media Co.,Ltd. The new industrial park and ancillary infrastructure will be “unbundled” into smaller projects, which will then be put out to tender. • Privacy Policy • Disclaimer, Singapore Business Federation’s Networking Session in Yangon, Import office equipment and service related equipment, Development Zone for Tax Exemption under MIL, Restricted Investment Activities under MIL, Restricted areas for foreigners and tourists in Myanmar, Business Chambers and Associations in Myanmar, The Inside Story of Thailand and Myanmar’s Troubled Dawei Mega-Project, Infrastructure, agriculture sectors at risk of slower investments, No disruptions to Korea-backed industrial park in Yangon, Kirin Scraps Joint Venture With Myanmar Military-Owned Firm After Coup, Myanmar to continue efforts to support economy amid COVID-19, https://www.youtube.com/watch?v=xkPm2XpaAzc, https://www.youtube.com/watch?v=9uJ1wIkICYs. Myanmar says it has received 16 proposals from nine countries, including Japan, Singapore, Italy, Spain and France, to compete against a Chinese company’s proposal for the New Yangon City project, which is part of China’s Belt and Road Initiative (BRI). At the discussion, the NYDC’s CEO U Thein Wai said the new Yangon city project would create two million jobs. To learn more about the latest Travel Restrictions affecting all travelers entering Myanmar due to the COVID19 Pandemic, click here, #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } E.g. Exact matches only NYDC is incorporated as an 100% State-Owned entity to undertake the development of the New Yangon City. New Yangon City Project (Burmese: ရန်ကုန်မြို့သစ်စီမံကိန်း; abbreviated NYDC) is a major urban planning project was proposed by the Yangon Region Government, led by chief minister Phyo Min Thein in 2019. New Yangon City Development Project has received 16 Expressions of Interests (EOI) submitted by companies and consortiums from nine countries in the Swiss Challenge for the first package of works launched on October 15, 2020, by the Swiss Challenge Tender Committee. The master planning for New Yangon City was recently completed by AECOM, which identified the most efficient land use planning and built environment. Known as the New Yangon City project, it is an element of the China-Myanmar Economic Corridor (CMEC), which is a part of China’s Belt and Road Initiative (BRI). On Saturday, the Ministry of Investment and Foreign Economic Relations said 16 consortiums submitted expressions of interest (EOI), some of which involve two companies in Myanmar, … Myanmar Government Invites Submissions of Competing Proposals for China-Initiated New Yangon City Project The Myanmar government has invited investors to submit competing proposals against a Chinese company’s proposal to develop an industrial park and related infrastructure for the New Yangon City project, in a move that brings the backbone project under China’s ambitious Belt and […] (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='ADDRESS';ftypes[3]='address';fnames[4]='PHONE';ftypes[4]='phone';fnames[5]='BIRTHDAY';ftypes[5]='birthday';}(jQuery));var $mcj = jQuery.noConflict(true); Copyright © 2021 — Consult-Myanmar Co Ltd, Myanmar Co Reg No: 100066009, • All rights reserved. Myanmar Receives 16 Proposals from nine countries for New Yangon City Project. The new industrial park and ancillary infrastructure will be “unbundled” into smaller projects, which will then be put out to tender. It organized... Myanmar Business Today (MBT) is Myanmar’s largest circulating business publication. Former Yangon Chief Minister U Myint Swe gave the nod to Myanma Saytanar Myothit Public Company for the new Yangon City Project without the invitation of tender. Tender forms are available at the regional government office at a price of K50,000 per document, and the proposals will have to be submitted by August 18. AECOM Singapore Pte Ltd was appointed by the New Yangon Development Company Limited (NYDC) to prepare the Master Plan and Strategic Plan for the New Yangon City (NYC) in September 2018. To see the original article click link here. YANGON—The Myanmar government has invited investors to submit competing proposals against a Chinese company’s proposal to develop an industrial park and related infrastructure for the New Yangon City project, in a move that brings the backbone project under China’s ambitious Belt and Road Initiative (BRI) one step closer to implementation. It will support the government's strategies to make its cities more livable through the provision of better and more widespread urban water services. mso-font-width:98%\”>After being suspended for 10 months amid accusations of a lack of transparency in its initial bid, the government approved the project in … The first phase involves 88.30 square kilometres which encompasses land on the western bank of the Yangon River, opposite Kyimyindaing township. Launched by the regional government in March 2018, the new city project covers an area twice the size of Singapore with a target of US$1.5 billion (K2.83 trillion) investment. Our project was among the exchanges. The 13 per cent was not the bank interest rate. The Myanmar government will split up the tender process of U Phyo Min Thein’s ambitious new city project, making it less difficult for companies to The CMEC will connect Yunnan province in China to Mandalay in central Myanmar, Yangon New City in the south and the Kyaukphyu Special Economic Zone in the west. Deadline for submission is 22 October 2020. Under the process, the initial development proposal drawn up by the Beijing-based China Communications Construction Co. Ltd. (CCCC). US offers technical assistance to boost investments in Myanmar, Shan State to implement five tourism cities, Daw Aung San Suu Kyi reminds people not to be careless despite the vaccine. Amata, the leading industrial city developer, will start implementing the first phase of Yangon Amata Smart and Eco City project under Amata Asia (Myanmar) Limited, with a capital of US$1 billion. But there were no apart from China. Yangon’s New City development project initiates ‘Swiss challenge’. The Yangon Elevated Expressway project, which is developed by the Ministry of Construction and Yangon Region government, is mainly intended to ease traffic jams in Yangon. The $1.68 billion proposal by CCCC includes building two bridges to connect the new city with downtown Yangon, 26 kilometres of roads, and a water treatment, supply network and sewage system for five townships and an industrial zone. Location Map- New Yangon City Phase I 90 sq km 600 sq km 2. It was widely criticised for doing so without calling a By Nan Lwin 26 October 2020. State-run CCCC has been embroiled in multiple scandals overseas, accused of corruption and bribery and was previously sanctioned by the World Bank for fraud. /* Add your own Mailchimp form style overrides in your site stylesheet or in this style block. Our project was among the exchanges. Yangon Mayor U Maung Maung Soe and Song Hailiang, president of state-owned China Communications Construction Co (CCCC) signed a … challenge its pre-ordained Chinese developer.At an investment seminar organised by the Japan External Trade Organization today (July 29), Investment Minister U Thaung Tun said different components of the Yangon New City project will be separately tendered. The project will start in 2020,” he said. The Yangon City Development Committee has issued a tender for the development of an industrial park in the New Yangon City Development project. At an investment seminar organised by the Japan External Trade Organization today (July 29), Investment Minister U Thaung Tun said different components of the Yangon New City project will be separately tendered. Three firms have been awarded the tender to build the controversial 4,745 hectare Yangon New City development to the west of the capital. The decision was labeled a time saving tactic. The area designated for this project is approximately 88.30sqkm (21819.41 acres) of land on the west bank of Yangon River, across from the existing Yangon city. “The whole [New Yangon City] project will be implemented with 100 percent investment from the private sector,” Pun said at a “town hall meeting” in Yangon on Saturday that was held to respond to questions surrounding the new city project. withstand only 90 centimetres of sea level rise. Analysts also hailed Myanmar’s government for splitting up the tender processes for a mega-city project in Yangon, the largest urban center and commercial capital of the country. CCCC says it has the funds to invest in the project. Myanmar breaks up Yangon new city for tender. According to the project’s masterplan, the New Yangon City will be both livable and productive, able to support a 1.2 million population and create around two million jobs.

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