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Infrastructure sector at the forefront of the government’s Economic Relief Plan
April 29, 2020The Economic Relief Plan published the government on 27 April 2020 has put the infrastructure sector at the forefront of the government’s response to the COVID-19 crisis. Various government ministries are requested to do the following before the end of 2020:
- Investment approvals: Approvals by the government and the Myanmar Investment Commission will be fast-tracked for projects developed by well-known, reputable sponsors.
- Project Bank:
- New projects: The government will include another round of projects in the Project Bank before the end of 2020, and it appears that a number of projects in the renewable sector will be prioritized, with a hint at a potential tender (‘solicitation’) in this sector.
- Existing projects: A number of high-profile projects currently being negotiated by the government will be expedited.
- Pharmaceutical manufacturing: The government will use empty government-owned factories to scale up manufacturing of equipment required to treat COVID-19 patients.
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