7DAY DAILY (15. 9.13)
Daw Nan Nwe Phay, MD of Myanmar Mega Trand company, Myanmar Railway Headquarter will be turned into five-star Hotel with the investment of US$ 15 million.
“MIC called the tender for former Myanmar Railway Headquarter, situated at Merchant road on Yangon and Myanmar Mega Trand won this tender to build hotel. The preparations began in June, 2012”, she said. This building will be built as a five-star hotel and it will become the first five-star hotel owned by Myanmar national. This hotel will be opened ten months later after making the contract with Yangon Region Chief Minister.
“We are going to make the contract with Yangon Region Chief Minister within a few days. But the date has not confirmed yet’ said by Daw Nan Nwe Phay.
The hotel project will be constructed by Do Sim Engineering and Constructed Company which has registered in Myanmar this January, according to U Maung Maung Lwin, the Director of the company.
“Myanmar Mega Trand company had intended to collaborate with three Korean companies while submitting the tender to get 50-year permit and these companies resigned after getting the permit”, said by U Maung Maung Lwin.
Daw Nan Nwe Phay said, “As the Korean companies had resigned, we will invest 100% instead of 50-percent investment.”
Myanmar Mega Trand Company is a garment company which formed the joint venture with the Korean company since 1997. It is their first time of submitting the tender and won it in first try.
MIC called the tenders for the high Court of Yangon Division and the Ministry of Ministers to build the museum, for Myanmar Railway Headquarter to establish hotel. Myanmar business men got these tenders.
It is estimated that there will be 154 rooms in this five-star hotel and it can employ 450 workers. According to the statistics of the Ministry of Hotel and Tourism, there are only five-star hotels, owned by foreigners and 210 licensed hotels with 9,000 rooms in Yangon.
TRANSLATED BY AYE PYRE NYEIN
Source: The Traveller Journal