Yangon’s New City development project initiates ‘Swiss challenge’

The Yangon government has launched a “Swiss challenge” tender for Yangon New City’s first-stage infrastructure projects, following Chinese President Xi Jinping’s visit to Myanmar.

Yangon Mayor U Maung Maung Soe and Song Hailiang, president of state-owned China Communications Construction Co (CCCC) signed a Letter of Intent for the New Urban Development of Yangon City on January 18, during the Chinese leader’s visit.

The YCDC has submitted the Pre-Project Documents for six Stage 1 infrastructure workstreams for approval to the Union Government level. After an approval is received, YCDC will launch the Swiss challenge tender, said NYDC CEO Serge Pun in an announcement.

(The Myanmar Times: https://www.mmtimes.com/news/yangons-new-city-development-project-initiates-swiss-challenge.html )

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