Singapore-listed Oxley consortium selected as preferred bidder for Yangon railway project
Aconsortium that includes Singapore-listed real estate company Oxley Holdings has secured "preferred bidder" status for the Yangon Central Railways Station Area Comprehensive Development Project, reported The Business Times, a financial news media based in Singapore. Oxley announced that the award of the contract is subject to the completion of negotiations and legal arrangements. The consortium also includes Myanmar-based Min Dhama and China-based Sino Great Wall. The project will be a mixed development project comprising a new central transportation hub that integrates rail and mass transit, surrounded by housing and commerce facilities. The project will cover 25.7 hectares around the station, with an intended development gross floor area of about 1.1 million square metres.