Yangon Elevated Expressway ProjectJanuary 30, 2020
VDB Loi has been assisting as local legal counsel to the International Finance Corporation (“IFC”), acting in its capacity as lead transaction adviser to the Ministry of Construction of the Government of Myanmar on the Yangon Elevated Expressway Project Phase 1, which is the first-ever international road Public Private Partnership (“PPP”) in Myanmar. VDB Loi is delighted to be involved in all key stages of project development, such as helping to structure the project with Viability Gap Funding (“VGF”), a financing option not previously implemented in Myanmar. In addition, VDB Loi is also pleased to have assisted the IFC in the tendering of the project and pre-qualification of bidders. The Ministry of Construction has shortlisted ten companies as pre-qualified bidders and the bid date is set for Q2 of 2020.