Published on Thursday, 08 November 2012 19:27
A South Korean construction company has proposed to build a crossing bridge or tunnel in Yangon, a Myanmar official said.
“A sky bridge or an immersed tube under the Yangon River will be built in the near future. The construction plan could be on the Shwedagon Pagoda Road,” said secretary of the Yangon City Development Committee (YCDC) Kyaw Soe on November 5.
Kyaw Soe said that the proposal to build the crossing facility connecting Yangon central downtown and Dala in the southern bank of Yangon River, was made in October last year.
However, the plan was kept as the secret by the YCDC due to the speculators.
The YCDC refused to reveal the name of the South Korean company. It also declined to give the detail of the proposed project, including the length and the cost of the bridge.
“The project could be starting soon. This is why they did not announce the proposal made by the foreign company,” said a source.
According to analysis of the YCDC’s engineers, the Shwedagon Pagoda Road is the suitable location for building a connecting tunnel or bridge.
“Due to the high rises on the Sule Pagoda Road and the Pansodan Road, it should not be built on those roads,” said engineers of the South Korean company.
If the company is permitted to construct, it will base its office in the Railway Office in Yangon next month.
Business Latest News
- Myanmar approves five foreign businesses
- Myanmar's clothing industry promises growth
- Myanmar businesses accuse construction firms of tax evasion
- Over 140 joint ventures in Myanmar's growing oil and gas sector
- Hin Leong Group to expand business in Myanmar
- SingTel and partners to create job opportunities
- China's Huawei to work with Myanmar state-owned telecom
- KIA Motors to open new showrooms in Myanmar
- UK Trade Minister stresses 4 hindrances for investments in Myanmar
- Coca-Cola to expand Myanmar factory in 2013