15 firms shortlisted for Yangon station PPP
The Myanmar ministry of railways (MOR) has shortlisted 15 firms and joint ventures, from a total of 18 EOIs received, for the development of the Yangon Central Railways station and the surrounding area through a PPP project. The call for expressions of interest was in mid-2015.
This is the the Myanmar ministry of railways (MOR) second attempt to tender the project through a PPP model, after an initial process that was opened in 2014.
In this first process the ministry shortlisted 24 companies for the project development, but it was canceled due to a lack of suitable applications.
The 15 firms and joint ventures have been revealed and are the following:
- Italian Design for Myanmar Group
- Yoma Strategic Holdings and FMI Group
- Crest Consortium and M&A-Iconic
- Shwe Gon Development Group
- Min Dhama Company Limited
- High Tech Concrete Tecnology
- Capital Diamond Star Group
- Fortune International Group
- China Railway International Group
- Lotte Asset Development
- Win & Win Company
- Excellent Fortune Development Group
- Megawide+Pyi Hlawn Kyaw
- Great Genesis Gems
- Injynn Development Company
The project will be located in a 250,000 m² area around Yangon Central Railway Station, which was built in the early 1950s. The project involves the upgrade of the railway station. The station will have commercial facilities and a hotel. The project will be developed under design-build-operate-maintenance terms and the investment estimated is around US$2.5 billion.
Shortlisted developers will now be asked to prepare and submit request for proposal (RFP) documents from March 6 to May 31. Furthermore, the applicants will have to pay a non-refundable fee of US$30,000 to the state-owned Myanma Foreign Trade Bank to be able to bid for the project.
