Sin­ga­pore-listed Ox­ley con­sor­tium se­lected as pre­ferred bid­der for Yan­gon rail­way project

Mizzima Business Weekly - - BUSINESS -

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.

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