Synopsis "MR – Yangon Central Railway Station Comprehensive Development – Yangon - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Summary Myanmar Railways (MR) is planning to undertake the Yangon Central Railway Station Comprehensive Development project in Myanmar.
The project involves the construction of a mixed-use complex on a 25.3ha of land.
It will include the redevelopment of the Yangon central railway station, construction of high-rise buildings which includes hotels, shopping malls, entertainment facilities, fitness center, art gallery and other related facilities.
Japan International Cooperation Agency (JICA) will fund the project.
On April 26, 2014, MR invited expression of interest (EOI) from local, international or joint venture developers and investors to undertake the development of the project on the design-build-operate basis with May 6, 2014, as the deadline to submit EOI documents. However, the tender was canceled.
On August 7, 2015, MR again invited expression of interest from developers to undertake design and build works. The last date of submission was extended to January 6, 2016.
In February 2016, MR has shortlisted 15 firms and joint ventures, including a number of well-known local companies, that responded to an EOI which includes Italian Design for Myanmar Group (Italy), Yoma Strategic Holding & FMI Group (Singapore + Myanmar), CREST Consortium + M& A- Iconic (Korea + Myanmar), Shwe Gon Development Group (Myanmar), Min Dhama Company Limited (Myanmar), High Tech Concrete Technology Co., Ltd (Myanmar), Capital Diamond Star Group (Myanmar), Fortune International Group (Myanmar), China Railways International Group (China), Lotte Asset Development (Korea), Win & Win Co.,Ltd (Singapore), Excellent Fortune Development Group Co.,Ltd (China), Megawide + Pyi Hlawn Kyaw (Philippine + French + USA), Great Genesis Gems Co.,Ltd (Yaung Investment Group) China, Injynn Development Co., Ltd (Myanmar + USA + England + France+ Korea + Vietnam).
On March 6, 2016, MR has invited shortlisted firm to prepare and submit Request for Proposal (RFP) by May 31, 2016.
In June 2016, total of seven shortlisted potential developers (as stated below) have purchased RFP Document: 1. Min Dhama Co.,Ltd 2. Shwe Gon Development Group 3. Yoma Strategic Holding & FMI Group 4. Italian Design for Myanmar Group 5. Excellent fortune Development Group Co.,Ltd 6. High Tech Concrete Technology Co.,Ltd 7. Capital Diamond Star Group
In February 2018, Oxley Holdings consortium comprises Min Dhama and China’s Sino Great Wall selected as the preferred bidder for the project. However, the award of the contract will be subject to the completion of negotiations and legal arrangements.
Scope The project involves the construction of a mixed-use complex on a 25.3ha of land in Myanmar.
The US$2,200 million project includes the following: 1. Redevelopment of Yangon central railway station 2. Construction of hotels 3. Construction of shopping malls 4. Construction of entertainment facilities 5. Construction of office buildings 6. Construction of art gallery space 7. Construction of related facilities
Reasons To Buy • Gain insight into the project. • Monitor the latest project developments. • Identify key project contacts.
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