Property group Thanlyin Estate Development has chosen a consortium consisting of Dragages Singapore, a subsidiary of Bouygues Construction, and SPA Project Management for the design and construction of a new phase of Star City, a residential complex in Yangon.
The contract is worth a total of $125 million (approximately €110 million), of which Bouygues Construction’s share is valued at approximately €65 million, the French company said in a statement.
Ludwig Reichhold, executive vice president for Southern Asia at Bouygues Bâtiment International, said: “Following on from an initial contract awarded in 2013, this latest success will reinforce our long-term commitment to Myanmar, which includes an initiative to provide training for local employees.”
The new phase of the Star City project covers the design and construction of six residential buildings including a total of 956 apartments. Four of these buildings will be 82 metres tall (25 storeys), and the other two will be 91 metres (28 storeys).
The contract also includes the construction of a two-storey car park along with a local community building and the development of green spaces, a swimming-pool and a leisure activity area.
Bouygues said the project is now getting under way, and will involve 2,100 workers at peak periods and is scheduled to take approximately 35 months to complete.
The first phase of the Star City project, consisting of five residential buildings which have already been built by Dragages Singapore and SPA Project Management for Thanlyin Estate Development, is currently at the completion stage.
Bouygues Construction has recently been growing its businesses in the region through a number of operations in construction and civil works, particularly in Hong Kong, Singapore, Thailand, Australia, South Korea and Vietnam. It is currently engaged on several large-scale design and construction projects, which include a stretch of the bridge between Hong Kong, Zhuhai and Macao, the MahaNakhon tower, which is the tallest skyscraper in Thailand, and a new motorway link in Sydney, Australia.