European and East Asian companies pile in to bid for $1.5bn Myanmar road PPP

Myanmar’s Ministry of Construction announced last week that it had received 12 bids for a public-private partnership (PPP) project to build a $1.5bn elevated ring road around the country’s commercial capital of Yangon.

When built, the ring road will connect Yangon Port in the downtown area with Yangon International Airport, Mingalardon Industrial Park and the Yangon-Mandalay Expressway.

As reported by Frontier Mynamar, the following contractors and consortiums are in the running for the work:

  • Vinci Highways of France;
  • Team Korea, which consists of GS Engineering & Construction, Posco, Lotte, Daewoo, Daelim, Korea Expressway Corporation, Korea Overseas Infrastructure & Urban Development Corporation;
  • China Communications Construction Company;
  • A Japanese team consisting of JFE Engineering and the Marubeni Corporation;
  • The BSSIC Consortium: a Thai, Japanese and Myanmarese team led by Bangkok Expressway and Metro, Karnchang Public Company Limited, Shwe Taung Infrastructure Investment Company, Shwe Taung Expressways Company, Sumitomo Corporation and IHI Corporation;
  • The CRIG-CDL Consortium, consisting China Railway International Group and Capital Development Limited, also of China;
  • Shanghai Pengxin Consortium, made up of Shanghai Pengxing Group, Transland, Myanmar Licenced Contractors, and the Shenzhen Home Investment Group;
  • Metro Pacific Tollways Corporation of the Philippines;
  • China Gezhouba Group and Great Genesis Gems of China;
  • The Italian-Thai Development Public Company and China Shandong International Economic & Technical Cooperation Group;
  • Denso of Myanmar and the China State Construction Engineering Corporation;
  • The Power Construction Corporation of China.

The Ministry of Construction said it would evaluate the submissions and would announce the list of the companies that qualify for the next round of consideration by the end of November.

Vikram Kumar, country manager for Myanmar at the World Bank’s International Finance Corporation, which is the ministry’s lead adviser for the scheme, said it could be split into multiple sections to speed up construction.

Image: The port of Yangon (formerly Rangoon), where the road will begin (Milei Vencel/CC BY-SA 3.0)

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