China proposes skytrain for Yangon
China has proposed to fund a $1.5-billion elevated railway project in Myanmar’s commercial capital, Yangon. China Railway Eryuan Engineering Group Co., Ltd (CREEC) made a presentation about its planned project to develop an elevated railway to lawmakers in a media room in the regional parliament on January 28, according to a report in The Irrawaddy.
Under the proposed project, CREEC would build the 37.9 kilometer-long elevated railroad with 24 stations in two to three years. The company said it will fund the project, which is estimated to cost $1.5 billion, but asked for a 50-year contract to operate the service, according to lawmakers who were at the presentation meeting.
CREEC expects the rail line to serve some 400,000 commuters daily. It proposed two lines: one from Kyeemyindaing to Mingalardon and another from North Okkala’s Kyauk Yay Twinn to Yangon International Airport.
The regional government basically agreed with the proposed project because the government wouldn’t need to fund it or obtain loans. However, for final approval, the transport ministry said the plan would be submitted to the ruling National League for Democracy’s economic committee and to the Union Government for review, the lawmaker added.
China has proposed to fund a $1.5-billion elevated railway project in Myanmar’s commercial capital, Yangon. China Railway Eryuan Engineering Group Co., Ltd (CREEC) made a presentation about its planned project to develop an elevated railway to lawmakers in a media room in the regional parliament on January 28, according to a report in The Irrawaddy. Under the proposed project, CREEC would build the 37.9 kilometer-long elevated railroad with 24 stations in two to three years. The company said it will fund the project, which is estimated to cost $1.5 billion, but asked for a 50-year contract to operate the service,...
China has proposed to fund a $1.5-billion elevated railway project in Myanmar’s commercial capital, Yangon. China Railway Eryuan Engineering Group Co., Ltd (CREEC) made a presentation about its planned project to develop an elevated railway to lawmakers in a media room in the regional parliament on January 28, according to a report in The Irrawaddy.
Under the proposed project, CREEC would build the 37.9 kilometer-long elevated railroad with 24 stations in two to three years. The company said it will fund the project, which is estimated to cost $1.5 billion, but asked for a 50-year contract to operate the service, according to lawmakers who were at the presentation meeting.
CREEC expects the rail line to serve some 400,000 commuters daily. It proposed two lines: one from Kyeemyindaing to Mingalardon and another from North Okkala’s Kyauk Yay Twinn to Yangon International Airport.
The regional government basically agreed with the proposed project because the government wouldn’t need to fund it or obtain loans. However, for final approval, the transport ministry said the plan would be submitted to the ruling National League for Democracy’s economic committee and to the Union Government for review, the lawmaker added.
