Opportunity in the Construction of Ayeyarwady Coastal Expressway in Myanmar
According to Myanmar’s Ministry of Construction, the implementation of the Ayeyarwady Coastal Region Development Project, an expressway connecting Ayeyarwady region and Rakhine State listed under the Myanmar Project Bank, is set to begin from the fiscal year of 2020. The project is estimated to cost USD 94 million and is expected to complete between the fiscal year of 2023 to 2024.
The project will involve construction of a 274 kilometers (km) coastal road from Nga Yoke Kaung township, Pathein District in Ayeyarwady region to Gwa township in Rakhine State. In line with the National League for Democracy government’s plan, the project is set to develop logistic infrastructure and raise productivity in the agriculture and aquaculture sectors which are the main revenue generators for Ayeyarwady and Rakhine regions, as stated by mmtimes.com.
The Way Forward
The construction of Ayeyarwady coastal expressway in Myanmar offers great opportunity for Malaysia to venture. Malaysian companies/exporters that specialise in construction and building materials are encouraged to consider taking this opportunity by strategising marketing approach to further venture the Myanmar market. Interested Malaysian companies/exporters of construction and building materials products may contact MATRADE Yangon office for lists of importers/distributors. Those interested in other projects are encouraged to visit the project bank website as mentioned above.
For further information and enquiries, please contact MATRADE Yangon at [email protected]
- This article is based on Market Alert (MA) prepared by MATRADE Yangon and the information is correct at the time of the writing (18 November 2020).
- The MA is available in MyExport which can be accessed at www.matrade.gov.my