The Ministry of Construction says that it intends to select the preferred bidder for the first phase of the Yangon Elevated Expressway (YEX) project by May of this year.
The ministry said in a press released on Tuesday, that once the bidder is announced, preparatory work for the project is expected to begin by the middle of the year.
The ministry released the final request for proposals (RFP) to develop phase 1 of the YEX as a public private partnership (PPP) to 10 prequalified bidders. In the REP, the bid submission deadline was set for March 31 of 2020.
In December 2018, the ministry received 12 prequalification applications to develop the YEX under a public-private partnership (PPP). Of the 12, 10 companies met the criteria to be considered as prequalified bidders. The prequalified bidders were then invited to access relevant data and documentation related to the project and submit bids. The bidders were required to submit technical and financial proposals for the project.
