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| Bouygues Construction signs its first contract in Myanmar Dragages Singapore Pte Ltd, a subsidiary of French group Bouygues Construction, in joint venture with SPA Project Management Pte Ltd, has been awarded a €74 million contract (USD 94.6 million) by Thanlyin Estate Development Ltd to design and build the second phase of Star City, a prominent residential estate featuring 4,980 apartments, car parks and communal facilities located along the Bago River in the outskirts of Yangon, Myanmar (former Burma). The Dragages Singapore led joint venture combines the development expertise and local knowledge of SPA Project Management Pte Ltd with the large-scale international construction experience of Bouygues Construction. The joint venture will undertake the engineering and construction of 3 blocks of 8 storey buildings, and 2 blocks of 12 storey buildings totaling 114,000 m2 of gross floor area together with associated infrastructure. Thanlyin Estate Development Ltd and SPA Project Management Pte Ltd are part of Yoma Strategic Holdings Ltd, a leading business corporation with real estate, agriculture and automotive dealership interests in Myanmar listed on the Singapore Securities Exchange Trading Limited (SGX-ST). Work is planned to start at the end of April 2013, and the project is due to be completed less than three years later (in thirty three months). write your comments about the article :: © 2013 Construction News :: home page |