• Burmese
Monday, May 12, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
29 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home News Burma

Myanmar Receives 16 Proposals for New Yangon City Project

Nan Lwin by Nan Lwin
October 26, 2020
in Burma
Reading Time: 2 mins read
0 0
A A
State Counselor Daw Aung San Suu Kyi attends the Invest Myanmar Summit in Naypyitaw in January 2019. / Invest Myanmar Summit

State Counselor Daw Aung San Suu Kyi attends the Invest Myanmar Summit in Naypyitaw in January 2019. / Invest Myanmar Summit

9.3k
VIEWS
Share on FacebookShare on Twitter

YANGON — 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).

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, but it did not reveal the details.

The government on Oct.15 called for EOIs to compete in an open “Swiss challenge” tender process overseen by German consulting firm Roland Berger.

RelatedPosts

Myanmar Junta Chief Meets China’s Xi for First Time: State Media

Myanmar Junta Chief Meets China’s Xi for First Time: State Media

May 10, 2025
1.4k
A Troubling Message from China’s Ambassador to Myanmar

A Troubling Message from China’s Ambassador to Myanmar

May 10, 2025
1.7k
How China Manipulates Myanmar’s Ethnic Resistance

How China Manipulates Myanmar’s Ethnic Resistance

May 8, 2025
3.1k

Under the process, the initial development proposal drawn up by the Beijing-based China Communications Construction Co. Ltd. (CCCC), the biggest builders in the BRI, will be made public to allow firms to offer better terms. The winning bidder, if it is not CCCC, will need to pay a reimbursement to the Chinese firm for costs incurred.

The proposed project includes public works and infrastructure construction, such as a Yangon River bridge, roads, resettlement, an industrial park, water treatment, sewerage, a power plant and commercial and residential land.

The Swiss Challenge Tender Committee for New Yangon City overseeing the bidding said the shortlisted applicants will receive information within seven working days after the deadline for EOI submissions. The information will include details on the industrial park, including the scope of infrastructure work, documents to be submitted and a timeframe for the tender process, according to the committee.

The committee said CCCC has 45 working days to match the winning challenger.

Investment minister U Thaung Tun said Myanmar decided to begin the project with the industrial zone to ensure the project’s commercial viability and to create jobs to mitigate the economic impact of COVID-19.

He said the government will hold competitive, transparent international tendering.

The Yangon regional government-owned New Yangon Development Company and CCCC signed an agreement in 2018 under which the Chinese firm was to draw up a proposal for the first phase of the project worth US$1.5 billion (1.95 trillion kyats). However, the project has been a source of controversy due to its flood-prone location, corruption and bribery accusations against CCCC involving development deals in at least 10 African and Asian countries.

In July, Myanmar decided to reduce the cut the budget to $800 million (1 trillion kyats) by reducing the project’s size to encourage other firms to bid for a contract. It also formed the tender committee with Roland Berger.

The Irrawaddy made several unsuccessful attempts to speak to the Yangon regional planning and finance minister, U Ye Min Oo, who is also a member of the tender committee.

You may also like these stories:

Myanmar’s COVID-19 Deaths Exceed 1,000

Myanmar Signs up with EU’s EuroCham for More Investment

Myanmar’s Free Funeral Service Founder hit by COVID-19

Your Thoughts …
Tags: Belt and Road initiativeCCCCChinaChina Communications Construction Co. Ltd.CorruptionMinistry of Investment and Foreign Economic RelationsNew Yangon Development CompanyU Thaung TunYangon
Nan Lwin

Nan Lwin

The Irrawaddy

Similar Picks:

Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang
Burma

Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang

by Hein Htoo Zan
November 28, 2023
97.9k

Myanmar National Democratic Alliance Army troops are opening roads and pathways through forests for people to flee Kokang’s capital as...

Read moreDetails
Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses
Business

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

by The Irrawaddy
November 27, 2023
38.3k

Jin San Jiao is latest northern Shan State trade hub in crosshairs of ethnic Brotherhood Alliance.

Read moreDetails
Brotherhood Alliance Marching Towards Capital of Myanmar’s Kokang Region
Burma

Brotherhood Alliance Marching Towards Capital of Myanmar’s Kokang Region

by The Irrawaddy
November 25, 2023
30.9k

Chinese embassy urges citizens to flee Laukkai Town as ethnic armies prepare to drive Myanmar junta troops from Kokang’s capital.

Read moreDetails
General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption
Burma

General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption

by The Irrawaddy
September 14, 2023
28.6k

The arrest of ‘kickback king’ Lt-Gen Moe Myint Tun, once seen as a possible successor to Min Aung Hlaing, comes...

Read moreDetails
Junta Battalion Controlling Myanmar-China Trade Route Surrenders to KIA 
Burma

Junta Battalion Controlling Myanmar-China Trade Route Surrenders to KIA 

by Saw Reh
January 26, 2024
22.5k

Kachin Independence Army seizes another base in northern Shan State, cutting off regime troops in the border trade town of...

Read moreDetails
Has China Lost Control of Ethnic Armies in Myanmar’s War-Torn Borderland?
Guest Column

Has China Lost Control of Ethnic Armies in Myanmar’s War-Torn Borderland?

by Bertil Lintner
November 6, 2023
21.4k

The Brotherhood Alliance’s offensive against the junta in northern Shan has shut down trade and resource access, but Beijing still...

Read moreDetails
Load More
Next Post
COVID-19 patients are treated in the ICU at a makeshift hospital at Yangon’s Thuwunna Football Stadium. / U Zaw Zaw's Facebook page

Myanmar’s New COVID-19 Cases Decrease in Yangon but Climb Outside City

--

China Punishes US Entities as Retaliation for Arms Sales to Taiwan

No Result
View All Result

Recommended

Fury Over China’s Support for Myanmar Junta Eclipses Quake Aid Gratitude 

Fury Over China’s Support for Myanmar Junta Eclipses Quake Aid Gratitude 

5 days ago
1.2k
Inside the Myanmar Junta’s Post-Earthquake Theater of Control

Inside the Myanmar Junta’s Post-Earthquake Theater of Control

5 days ago
997

Most Read

  • Myanmar Junta Chief Meets China’s Xi for First Time: State Media

    Myanmar Junta Chief Meets China’s Xi for First Time: State Media

    shares
    Share 0 Tweet 0
  • Breaking the 60-Year Political Cycle in Myanmar

    shares
    Share 0 Tweet 0
  • A Troubling Message from China’s Ambassador to Myanmar

    shares
    Share 0 Tweet 0
  • KNU Hails Seizure of Myanmar Junta Base on Thai Border

    shares
    Share 0 Tweet 0
  • Myanmar Junta ‘Seizes Eight TNLA Positions’

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.