19-20 Jan, 2015 - Yangon, MYANMAR
PARKROYAL Yangon
PARKROYAL Yangon
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Myanmar's ambitious 30-year National Transport Development Master Plan is expected to be rolled out. Japan International Cooperation Agency (JICA) has drawn up a blueprint of the master plan already. The master plan covers all sectors - railways, aviation, roads & bridges and ports.
JICA says that the period from 2014 to 2020 will be dedicated to revamp Myanmar's basic transport infrastructure. An investment worth 1.166 trillion yen is required over six years, says JICA.
Myanmar's officials are confident that the proposed transport master plan will play a key role in not only linking ASEAN member countries but also connect important neighboring countries like India and China via air, land or marine corridors.
The frontier nation's aviation sector looks promising as a number of international airlines are eying opportunities in the emerging market, driven by tourism sector growth and the government facilitating increased investment.
CMT's 2nd Myanmar Transport and Logistics Summit (MTL) to be held in Yangon on 19-20 January, 2015 brings together transport ministry officials and private sector investors to share further details on the country's transport and logistics future roadmap.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
Read more:
Myanmar's transport master plan will see more regional links
Transport Master Plans Unveiled for Myanmar and the Yangon Metropolitan Area
06 Jan, 2015
Myanmar is gearing up with major transport system revamps. It is estimated that the Ministry of Rail Transportation plans to spend over US$700 million to upgrade Yangon's circular railroad.
The estimated amount is only for revamping the railway and train coaches.
The work is expected to begin in 2015 and Japanese International Cooperation Agency (JICA) will assist in the project.
The plan is to extend the railway section and replace coaches. Moreover, after the upgrade, the circular train's speed will increase from its current 30 miles per hour to 80 miles per hour.
After this phase of the upgrade work is completed, the ministry plans to construct a sky train with the help of foreign loans.
The ministry also plans to upgrade stations, build fences, and install alarm system and automatic gates.
The tender for the upgrade of Yangon railway station has already been opened for local and foreign companies.
More on Myanmar's railways will be discussed at the 2nd Myanmar Transport and Logistics Summit on 19-20 January, 2015 in Yangon.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
27 Nov, 2014
Yoma Strategic Holdings has ventured into agriculture and logistics sectors in Myanmar.
It has entered an MOU with Kokubu & Co., Ltd ("Kokubu") and FMI to venture into Myanmar's cold storage and logistics business. The partnership will help farmers with improved storage facilities for their agricultural produce and help them with seamless transportation within the vast agriculture industry in the country.
Under the MoU it is said that 2 key distribution centers will be built in Myanmar that will distribute agricultural, seafood and processed products via high-specification vehicles with chill and refrigeration capacity between the distribution centres and other principal cities and industrial parks within Myanmar.
50 percent of the Cold Chain Business will be held by Kokubu, 30 percent by Yoma Strategic Holdings and the remaining 20 percent will be held by FMI. An initial capital investment worth US$12 million is slated to be put into the Cold Chain Business. Further, the Group's interests in the Cold Chain Business is expected to be transferred to YALH.
More developments in Myanmar's logistics sector will be discussed at 2nd Myanmar Transport and Logistics Summit on 19-20 January 2015 in Yangon.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
24 Oct, 2014
