Myanmar: Inland port Mandalay to be handled by Singapore and local company

Myanmar is building up new inland rail terminals to have an alternative to transport of goods and services. Kerry Logistics Network that provides integrated logistic services across Asia and Myanmar’s Resources Group of Logistics will be handling the inland port work near Yangon’s Ywar Thar Gyi station and Mandalay’s Myit Nge Gone station, according to a report in 7day news.

The ports which is responsible to Myanma Railway opened for tender in September 2014 to both local and foreign companies.

The trade port will be mainly be for the rail terminal that would be an alternative to a bus terminal that could face high traffic.

The construction will take place from January 2016 to end of 2017 with a build, operate and transfer system on a 50 year lease. (Courtesy of dealstreetasia.com)