Ministry announces pre-qualified bidders for expressway project

The Ministry of Construction announced on 5 December that 10 of the 12 consortiums which submitted pre-qualification documents last month for Yangon Elevated Expressway toll road project have been pre-qualified as bidders, according to a news release from the ministry.

The list of pre-qualified bidders can be found below.

Company / Consortium

Country

VINCI Highways

France

Team Korea Consortium

(GS Engineering & Construction, Posco Engineering & Construction, Lotte Engineering & Construction, Daewoo Engineering & Construction, Daelim Industrial, Korea Expressway, Korea Overseas Infrastructure & Urban Development)

Korea

China Communications Construction Company

China

JFEE/Marubeni Consortium

(JFE Engineering, Marubeni)

Japan

BSSIC Consortium

(Bangkok Expressway and Metro Public Company, Ch. Kamchang Public Company, Shwe Taung Infrastructure Investment, Shwe Taung Expressways, Sumitomo Corporation, IHI Corporation)

Thailand, Japan, Myanmar

CRIG-CDL Consortium

(China Railway International Group, Capital Development)

China, Myanmar

China Gezhouba (CGGC) / Great Genesis Gems Consortium

(Great Genesis Gems, China Gezhouba)

China

ITD-CSI Consortium

(Italian-Thai Development, China Shandong International Economic & Technical Cooperation)

Thailand, China

Denso-CSCEC Consortium

(CSCEC (Myanmar))

China, Myanmar

Power Construction Corporation of China

China

 

Metro Pacific Tollways Corporation and the Shanghai Pengxin Consortium were not approved as prequalified bidders.

Metro Pacific Tollways is a Philippines road developer which has periodically expressed interest in developing road projects in Myanmar, though the company has not been active in the market outside of the Yangon Elevated Expressway project.

The Shanghai Pengxin Consortium comprised Chinese companies Shanghai Pengxin Group and Shenzhen U Home Investment, and local companies Transland Public and Myanmar Licensed Contractors Association.

 

Yangon Elevated Expressway

The roughly 47.5km four-lane elevated ring road is to link downtown Yangon, Yangon ports, Yangon International Airport, Mingalardon Industrial Park and Yangon-Mandalay Expressway.

It is likely to consist of three different elevated sections:

  • 25km to 27km East Wing
  • 6km East-West Wing
  • 16.5km West Wing

Phase One of the project is to focus on the 25km to 27km East Wing of the road and will cost an estimated $400m. It will be developed through a build-operate-transfer (BOT) agreement, with concessionaries being granted a 30-year concession to operate and manage the toll road. The IFC has previously said it is possible the project may be split into multiple sections in order to expedite the project.

Over 50 companies submitted expressions of interest (EOI) for the project earlier this year in June. A number of companies that submitted EOIs formed consortiums, listed above.

The IFC is acting as a strategic advisor to the Ministry of Construction for the project and is working closely with the ministry throughout the procurement process.

Prequalified bidders will now be invited to partake in the request for proposal (RFP) stage of procurement.

A winning bidder is expected to be announced by June 2019, according to the IFC’s and Ministry of Construction’s original procurement timeline.


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