The Irrawaddy

Myanmar-China-Singapore Consortium Wins Yangon Central Railway Bid

Illustrations of the proposed Yangon Central Railway.

YANGON — A consortium including a Singapore-listed company has won the bidding for the Yangon Central Railways Station Area Comprehensive Development Project, Myanma Railways said.

The consortium comprises Myanmar’s Min Dharma Co, China’s Sino Great Wall Co, and Singapore-based property developer Oxley Holdings Limited.

The mixed-development project comprises a new central transportation hub integrating rail and mass transit, surrounded by residential and commercial properties. It will occupy 25.7 hectares, with total floor space for development of 1.09 million sq. m, Oxley Holdings said.

Awarding of the contract is subject to the completion of negotiations and legal arrangements, Myanma Railways said.

Sino Great Wall is a Beijing-based company listed on the Shenzhen Stock Exchange. Min Dharma Co is a subsidiary of Mottama Holdings owned by Chinese-Myanmar businessman Yang Ho.

Illustrations provided by Oxley Holdings show high-rise buildings bordered by Bogyoke Aung San Road to the south, Bo Min Yaung Road to the north, Sule Pagoda Road to the west and Theinbyu Road to the east.