YANGON—The Ministry of Construction has announced a shortlist of pre-qualified companies as contenders for the contract to build an elevated expressway in Yangon, which is aimed at alleviating the city’s traffic woes.
A total of 12 local and international companies submitted prequalification applications for Phase 1 of the project. Out of these, 10 companies were named prequalified bidders.
The shortlisted companies include a Chinese-Myanmar consortium, a Thai-Japanese-Myanmar consortium, a Thai-Chinese consortium, four companies from China and one each from France, Korea, and Japan.
The planned four-lane ring road will connect downtown Yangon, Yangon Port, Yangon International Airport, Mingaladon Industrial Zone and the Yangon-Mandalay Highway.
Phase 1 would involve connecting Dawbon Bridge in Pazundaung Township, Mingaladon Industrial Zone and Yangon International Airport, U Kyi Zaw Myint, a deputy director-general at the Ministry of Construction, told The Irrawaddy last month.
The project will be implemented through a public-private partnership. The shortlisted companies will be invited to submit proper project proposals and the winning bid is expected to be announced by June 2019.
The ministry said on Wednesday that the expressway is a high-priority project for the government and it aims to improve connectivity for businesses and communities in the country’s commercial hub.
President U Win Myint has formed a steering committee to oversee the development of the expressway, including the city’s chief minister and deputy construction minister and the Union ministers for construction, transport and communication, planning and finance, and electricity and energy.
The International Finance Corporation, the private lending arm of the World Bank Group, has been appointed the project’s exclusive lead adviser.