New Yangon City

The Myanmar government’s Swiss Challenge Tender Committee announced that   expressions of interest by companies wishing to compete in the “Swiss challenge” tender process to implement the project would be overseen by the German consulting firm Roland Berger.

[5][6] The Yangon Region government has contributed 10 billion MMK (approximately US$6.5 million) as initial capital toward the company.

[9] The project was later tabled due to public anger over controversial ties between the firm and Myint Swe.

[13] The preliminary works for Bargayar Aletchaung bridge, one of the five proposed river-crossing bridges, was carried out in March 2016 and so far Yangon South West Development Public, Business Capital City Development Ltd and Shwe Popa International Construction are working in the project.

[14][15][16] After months of speculation, Yangon Region Chief Minister Phyo Min Thein announced that the project would resume at the end of February 2017.

[17] CCCC, which has negotiated a framework agreement with YCDC for developing the project, was sanctioned by the World Bank between 2009 and 2017 for fraud and corruption infractions.