New Yangon City Development Company Ltd. (NYDC) invites submission of Expression of Interest (EOI) for six infrastructure projects in the first phase of New Yangon City project.
The projects are Power Supply and Distribution, Public Transport System, Cyber Connectivity Infrastructure, Municipal Waste Disposal, Natural Gas Supply and Distribution, and Convention Center.
“Interested companies can submit EOI along with their technologies used in previous projects, financial statements, and background information. NYDC will choose the best qualified ones for negotiation,” U Thein Wai, CEO of NYDC, said in the company’s newsletter.
The invitation of EOI submission is the first part of the process called NYDC Challenge. This tender process includes four steps:
1.Selection of a qualified company who will undertake preliminary works and feasibility studies to prepare Pre-Project Documents (PPD).
2.NYDC will then negotiate with that company on the construction of the project.
3.The contents of the agreement will then be publicized to allow any qualified third-parties to challenge the agreement with better terms on the basis that it strictly adheres to the terms and conditions of the agreement.
4.If a third party challenges the agreement from Step 2 with a lower bid, a counter bid will be allowed by the original company selected in Step 1 and 2 to match the new offer or forego.
Interested companies must submit the EOI applications by February 28, 2019, directly to NYDC by hard copy or electronic copy at the addresses listed below.
The first phase of the project located on the western bank of the Yangon River on 20,000 acres of land is estimated to cost over $1.5 billion, and a Singaporean company named AECOM is working on Master Plan of the project.
When the project is finished, it is expected to accommodate over three million residents, and create two million jobs. Yangon’s population is projected to reach 10 million over the next decade, and according to the CEO of NYDC, “It is the responsibility of the government to make sure that Myanmar people have opportunities to improve their living standards and escape from poverty through employment.”
Source:https://www.mmbiztoday.com/articles/nydc-challenge-takes-first-step-invites-eoi-six-projects