Foreign direct investment in the country has increased sharply this year, but concerns over infrastructure, unclear procedures and the Rakhine issue remain.
On the 2nd day of his visit, Korean President Moon Jae-in tells Yangon forum Seoul aims to be a key partner, oversees 5 MOU signings, including on New Dala City Project.
Ten major projects currently planned with powerful neighboring countries promise to address Myanmar’s infrastructure needs, but have the social, environmental and other costs been
Structure is due to be complete by early 2022; Yangon’s Bonegyi St. will be closed to buses for a year and a half.
Italian-Thai Development-led group holds concession for $1-billion first phase; management committee vows to follow govt and int’l agencies’ environmental guidelines.
The regional administration’s canceled budget request for 16 billion kyats for non-essential items was just the latest in an embarrassingly long line of missteps.
Regional government wanted funds earmarked in fiscal 2019-20 budget for new police HQ, courthouse and Coco Island ferry.
Planning and Finance Ministry official says all deals will allow for international financing and open bidding, among other guarantees.
Workers withdrawn from some projects following clashes with AA, abductions
Infrastructure builder Adani Myanmar has been granted permission from the MIC to begin the first of two phases of construction on a $290 million port in Yangon.
Formal talks on the 873 km rail line project began in 2014 but have been delayed due to disagreements over design, financing and technical assistance.
Government urged to strengthen legal protections and enhance transparency before committing to further China-backed projects
At opening of Myawaddy-Mae Sot bridge, State Counselor hails close ties and vows to continue working to boost connectivity with Thailand
The outer circular road will be constructed first in four phases and will connect Yangon’s major industrial zones with the nearby airport, highway and port.
The Irrawaddy takes a critical look at the major infrastructure projects which are part of China’s BRI efforts in Myanmar due to get underway this year.