Myanmar highway project proposal put forward

Plans are moving forward in Myanmar for the construction of a new highway link. A consortium made up of Halla Corp and Lotte E&C of South Korea and Capital Diamond Star Group (CDSG) of Myanmar is offering a proposal to build a 20.5km highway. This four-lane highway would connect Yangon and Bago and be constructed on a public-private-partnership basis. Drivers would have to pay a toll charge of US$1 each at three toll collection points. Phase I of the Yangon Urban Expressway project will cost US$620 million and the construction work is expected to take just under five years.