NAY PYI TAW – The Government of Myanmar today announced the awarding of a contract to Roland Berger Co. Ltd., for end-to-end for consulting services to finalise a Swiss Challenge tendering process for the recently announced New Industrial Park and Essential Ancillary Infrastructure as part of an unbundled New Development Area of Yangon City project.

Upon announcing the winner, U Thaung Tun, Union Minister of Investment and Foreign Economic Relations stated:

“Today we mark an important milestone. We are taking the first steps toward the realization of our vision of a new modern city on the other side of the Yangon River. In keeping with the times and the need to create more quality jobs to mitigate the adverse effects of the COVID-19 pandemic on the country’s economy, we have decided to focus first on the setting-up of the industrial zone. The unbundling of the development project, while safeguarding its commercial viability, will ensure that international global best practice is adhered to, including through open international competitive tendering.”

Roland Berger is a leading global consultancy firm, whose work in Myanmar has included advising on crucial economic reforms, including telecoms and banking liberalization, infrastructure development, and state-owned enterprise reform since establishing a permanent presence in Yangon in 2012.

Consultancy services will cover the end-to-end preparation and execution of the Swiss Challenge process, including support for communicating the outcome of the process to external stakeholders as well as support to the negotiation, preparing, revising and signing of the concession agreement.

Key projects to be developed will include an industrial park, low-cost housing estates, water supply and sanitation systems, waste management and other essential infrastructure. Projects to be developed are expected to contribute to Myanmar’s continued sustainable development, creating new quality employment opportunities, including within the country’s rapidly expanding manufacturing sector that has proven resilient despite challenges posed by COVID-19.

The event was attended by the Myanmar Swiss Challenge Tender Committee chaired by U Kyaw Myo, Deputy Minister, Ministry of Transport and Communication, with Dr U Set Aung, Deputy Minister, Ministry of Planning, Finance and Industry, U Bharat Singh, Deputy Minister, Ministry of Investment and Foreign Economic Relations, and U Ye Min Oo, Minister for Planning and Finance, Yangon Region Government serving as members, and Daw Hlaing Maw Oo, Secretary, Yangon City Development Committee serving as Secretary.