Oxley on Track With Usd2.5bn Myanmar Station Upgrade

• 2 February 2018
• Construction Focus
• 2608 Views

Yangon Central Railway Station area in Myanmar is set to be transformed into a modern transport hub in a USD2.5 billion renovation to be carried out by a consortium of A Singapore-listed Oxley Holdings, local firm Min Dhama Co Ltd and Beijing-based Sino Great Wall Co Ltd.

Myanmar Railways selected the group to develop to develop the 25.7 hectare site located on the station originally built in the 1870s under British colonial rule.

“The project will be a mixed development project comprising a new central transportation hub that integrates rail and mass transit, surrounded by amenities of housing and commerce,” Oxley said in a filing in Singapore.

The Oxley-Min Dhama-Sino Great Wall consortium won the tender after a four year process edging a final group of 18 proposals from 14 countries.