Chinese companies sign Myanmar's 3.4 billion yuan infrastructure project
China Railway Group announced that its subsidiary China Railway International signed the "Regarding the Design and Procurement of Infrastructure Projects for the Mandalay New Industrial City, Myanmar" during the second "Belt and Road" International Cooperation Summit Forum on April 25 with the Central Ayeyarwady Company of Myanmar. And Construction Contract Agreement.
According to reports, after signing the contract, China Railway International will be responsible for the design, procurement and construction of the infrastructure project of the Mandalay New Industrial City in Myanmar. The scope of the project includes road engineering, water supply and drainage engineering, sewage treatment engineering, power, communications and other projects in the Mandalay New Industrial City. A number of infrastructure projects such as fire-fighting pipeline projects.
According to reports, the project has a construction period of 90 months. The contract amount is approximately RMB 3.355 billion.
According to media reports, the Ministry of Construction of the Union of Myanmar and the Mandalay Provincial Government built a new industrial city in Mandalay in accordance with the concept of green, clean and smart cities, and the Myanmar Central Ayeyarwady Development Co., Ltd. is responsible for the overall development. Mandalay New Industry City is Myanmar's first international-level large-scale green smart industry new city, covering an area of about 4046 hectares. The project is based on economic development zones and smart cities, and develops manufacturing, agriculture, IT, science and technology research and development, health care, education, and tourism through the construction of industrial parks, business parks, agricultural development zones, tourist resorts, housing and related infrastructure. Industries such as leisure create investment opportunities for local and foreign investors.
The project is located on the planned China-Myanmar railway corridor. Myanmar National Highway No. 3 and Mandalay-Lashio Railway also pass through the project site. Mandalay, where the project is located, is the geographic center of Myanmar, a hub of railway, road, and water transportation, and the intersection of the China-Myanmar Economic Corridor. The development and construction of this project will effectively promote local labor employment and economic and social development.