Myanmar News Updated
Highlight Myanmar News
Ministry to Kick Start Elevated Expressway Project
Tin Mg Oo : The Ministry of Construction last week announced a March 31 deadline for the Final Request for Proposal (RFP) for Phase One of the Yangon Elevated Expressway, with the selection process slated to kick off in the first week of April.
The ministry said it will implement this highly anticipated project through Public Private Partnership (PPP) to simultaneously encourage more PPP ventures and promote infrastructure development.
Only companies who have successfully responded to the Request for Qualifications and meet all qualification criteria will be eligible to submit the Final Request for Proposal, released on January 13, 2020. They are also required to submit their technical and financial proposals for the project along.
The technical proposals, including the bidders’ plans for implementing the project, will be evaluated first while the financial proposals remain sealed. Only bidders whose technical proposals pass the requirements set out in the RFP will be invited to attend the opening of the financial proposals. The financial proposals of other bidders will be returned unopened.
The 27.5-km Yangon Elevated Expressway, one of the government’s priority projects, is aimed at mitigating traffic congestions in Yangon while improving public transportation and drawing foreign investment into the infrastructure sector.
The 19-km first phase starts at Dawbon Bridge and runs through East Pazundaung Road, Thanthuma Road, Waizayantar Road and Thanthuma Road, ending at No. 3 Main Road (Khayaban Juncture). The second phase runs for 5.5 km from the Main Road to Danyingon Juncture and for another 2.5 km from Radio Station Road to Yangon International Airport.
The Ministry of Construction hopes to issue a Request for Expression of Interest (REOI) for Phase 2 this year.