Myanmar Port Authority is inviting domestic and foreign businesspeople to submit tenders for projects to develop the foreshore along the Yangon River, an official said last week.
U Cho Than Maung, Myanmar Port Authority (MPA) director, said MPA is planning to develop the Yangon harbour in Lanmadaw township, the 1-4 Sule jetties in Kyauktada township, Nanthida harbour [Pansodan-Dala jetty] in Kyauktada township and Botahtaung harbour.
Possible projects include hotels, shopping malls, office buildings and recreation centres, he said.
“We hope to encourage people to build modern buildings and sites,” he said on August 9. He said that Yangon harbour in Lanmadaw township will be upgraded to a standard inland port terminal and authorities hope to add a business district at the 37.9-acre site.
The Pansodan-Dala jetty will be upgraded to a standard passenger terminal, with the authorities also seeking to establish a business centre, hotels or shopping area as well.
“We are going to upgrade the jetties that can accept tourist vessels. And we will build international-standard buildings through joint-ventures or build operate transfer (BOT) agreements,” said U Cho Than Maung.
“But the projects must also generate profits too; we will not accept proposals that make less profit than these sites currently earn,” he added. He added that only projects that did not damage the environment or negatively affect the livelihoods of sampan drivers would be considered.
U Cho Than Maung said MPA earned US$38.5 million in rental fees from the sites last year.
He said the Botahtaung foreshore covers 4.6 acres and MPA would reclaim more land from the river.
“We are going to reclaim another 6.4 acres from the river, so the site will be more than 10 acres. We would like to build a recreation centre and floating hotels there,” said U Cho Than Maung.
He said interested parties could submit tenders for the sites soon.
“Firms need to have a proven track record, experienced and strong financial support. They must also be able to build the projects they propose,” he added.
He said application forms to submit a tender for 1-4 Sule jetties cost FEC200, while application fees for the other three sites cost FEC100 each.
He added that MPA wanted to see some high-rise buildings of at least 20 storeys, such as hotels, built at the sites but needed to negotiate with Yangon City Development Committee for approval for such projects. Myanmar Port Authority is under the Ministry of Transport.