Union Minister for Construction U Han Zaw presided over the 4th meeting of the leading committee on construction of elevated expressways and outer ring road in Yangon yesterday afternoon. The Zoom meeting was also participated by the committee members and Union Ministers U Thant Sin Maung, U Win Khaing, U Soe Win, its secretary Deputy Minister Dr Kyaw Lin, departmental heads and officials from Nay Pyi Taw, and Yangon Region Chief Minister U Phyo Min Thein and Regional Minister for Electricity, Industry, Transport and Communication Daw Nilar Kyaw from Yangon.
The phase (1) of elevated expressway project will have a total length of 27.5 kilometre at an estimated cost of US$800 million. The International Finance Corporation (IFC), the member of the World Bank, is working as the consultant group for the project. The IFC has evaluated the technical and financial proposals from the 10 companies which passed
The meeting discussed cooperation of relevant ministries in the project. The elevated expressway project will be implemented by the Ministry of Construction and the Yangon Region Government under the public-private partnership system. The phase (1) of the 27.5-km long project will include a 19-km long four-lane way in the eastern part of the city, 6-km long four-lane way from east to west and 2.5-km long two-lane way connecting to Yangon International Airport to reduce traffic congestion in the city.
Source: The Global New Light of Myanmar