Korean firms to be in­vited to build Yan­gon-Dala bridge

The Myanmar Times - - Business - ZAY YAR LINN za­yarlinn@mm­times.com SWAN YE HTUT swanye­htut@mm­times.com

A TEN­DER for pri­vate com­pa­nies to build a multi-mil­lion-dol­lar sus­pen­sion bridge con­nect­ing down­town Yan­gon with sleepy Dala town­ship will be called “soon”, but only for Korean firms, the Min­istry of Con­struc­tion’s per­ma­nent sec­re­tary said.

U Kyaw Lin said a con­sult­ing com­pany will be cho­sen this month to over­see the ten­der.

“The min­istry is choos­ing a con­sul­tancy firm to han­dle the bids. We will only in­vite Korean com­pa­nies be­cause the bridge is be­ing built with a loan from Korea,” he said.

Last Novem­ber the two gov­ern­ments agreed that South Korea’s Eco­nomic De­vel­op­ment Co­op­er­a­tion Fund would is­sue a US$137.8 mil­lion over 40 years at 0.01 per­cent in­ter­est to fi­nance the bridge, which is es­ti­mated to cost around $168.2 mil­lion. Myan­mar’s con­struc­tion min­istry will pay the rest.

Once a con­trac­tor has been cho­sen, work is likely to be­gin in 2017, U Kyaw Lin said.

The project broke ground in Fe­bru­ary. The four-lane bridge will be 1936 feet (590 me­tres) long, 160ft high and 823ft wide, and will link Phon­e­gyi Street in Lan­madaw town­ship to Bo Min Yaung Street in Dala.

Dala res­i­dents told to hand over their land to make way for the bridge were paid K130 mil­lion per acre, which was less than the mar­ket price, ac­cord­ing to res­i­dent U Khin Maung Nyunt.

“The cur­rent price is more than K200 mil­lion per acre, but we didn’t ob­ject be­cause we had no chance to ne­go­ti­ate,” he told The Myan­mar Times ear­lier this year. “We must be thank­ful that the govern­ment didn’t just seize our land, as hap­pened in the past. But I say truly, the com­pen­sa­tion does not make up for the cost of re­mov­ing us.”

When com­plete at the end of 2020, the bridge will pave the way for de­vel­op­ment, both in Dala and in other town­ships across the Yan­gon River in­clud­ing Twante, Kawhmu and Kungyan­gone. It will also fea­ture a wa­ter pump line to dis­trib­ute wa­ter from Yan­gon to Dala.

– Trans­la­tion by Khine Thazin Han

‘We will only in­vite Korean com­pa­nies be­cause the bridge is be­ing built with a loan from Korea.’ U Kyaw Lin Min­istry of Con­struc­tion

Photo: Aung Htay Hlaing

A mo­tor­cy­clist rides along a road in Dala town­ship at the site of the new bridge that will link the ru­ral town­ship with Yan­gon.

Newspapers in English

Newspapers from Myanmar

© PressReader. All rights reserved.