Thursday, Apr 25 2024 | Time 21:17 Hrs(IST)
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World


Chinese company proposes $1.5 billion contract for new circular railroad in Myanmar

Yangon, Feb 7 (UNI) Myanmar's Yangon regional government on Thursday met with representatives from China Railway Engineering Co Ltd (CREC) to discuss the possibility of constructing of a new Yangon circular railroad in the region, according to media reports.
According to U Than Naing Oo, member of the Yangon Region Hluttaw’s Transportation, Communications, Construction and Industry Committee said "CREC proposed two versions of the potential railroad for consideration - one where it will be built on the existing circular railroad and another with an elevated track.
Based on CREC’s proposal, building along the existing railroad would cost less even with 24 new stations in the plan.
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