The 27.5-kilometer-long Yangon elevated expressway project phase (1) is estimated to cost about US$800 million and the preferred bidder will be announced after project proposals have been assessed and approved, according to the Ministry of Construction.   

The Leading Committee for the Yangon Elevated Expressway and Outer Ring Road Project held the fourth meeting on November 18 on the preferred bidder announcement and future tasks.  

The elevated expressway project phase (2) is being implemented in cooperation with the Yangon Region government under the PPP system to reduce traffic congestion and develop infrastructure. 

Union Minister for Construction Han Zaw said it is a project with huge investment and even phase (1) of the project is estimated to cost about US$800 million.  

International Finance Corporation (IFC), member of the World Bank, is acting as adviser to the project. A total of 55 companies submitted their proposals in May 2018. Qualification assessment proposals were invited in November 2018 and 10 winning companies were announced in December. 

IFC carried out detailed assessment of technical and financial proposals for the submitted project proposals and submitted an evaluation report. The report was discussed at the meeting and the decision will be made to announce the preferred bidder, the minister said.  

Along with the Yangon elevated expressway and outer ring road, ports for ocean vessels, dry ports, new towns and an economic corridor road will also be planned, according to the Ministry of Construction.