Myanmar to start $3.3 bil Yangon station revamp by mid-year; Oxley in consortium of developers

SINGAPORE (Mar 16): Myanmar said a planned US$2.5 billion ($3.3 billion) redevelopment of the six-decade-old railway station in Yangon will get underway around June once contract negotiations are completed.

Talks with the preferred bidder for the revamp of the 25.7ha site in the commercial capital will take about two months, U Win Khant, permanent secretary at the Ministry of Transport and Communications, said in an interview.

"This massive project will be a landmark for Yangon," he said Thursday. "The political will is to complete it correctly and as quickly as possible."

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