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Some Issues to Consider for Toll Road PPP Projects in Myanmar

June 28, 2018

The Union Ministry of Construction, in coordination with the Union Ministry of Transport and Communication, and the Yangon Regional Government seeks to implement its first ever elevated expressway, the Yangon Elevated Expressway.

Highlights

Situation of existing toll roads in Myanmar
Myanmar has a lot of experience with toll road bot contracts, but not the right kind
Flexibility will be needed in the project structure
How are government counterparts likely to perceive certain key commercial terms?
Land rights of the project
Direct agreement with the lenders?
Progress on the documentation
The new landscape for the sovereign guarantee
Investment incentives

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Some-Issues-to-Consider-For-Toll-Road-PPP-Projects-in-Myanmar.pdf

AUTHORS

Edwin Vanderbruggen
Senior Partner

Edwin is the senior partner of VDB Loi and a leading foreign legal advisor living in Myanmar since 2012. A frequent advisor to the Government on transactions and privatizations in energy, transportation and telecom, he is widely recognized for his “vast knowledge” (Legal 500) and his ability “to get difficult things through the bureaucracy ” (Chambers, 2016). He advises international financial institutions on their largest Myanmar transactions, oil and gas supermajors, a greenfield multi- billion US$ telecom project and the Japanese Government on the Thilawa SEZ. He assisted two newly licensed foreign banks setup in Myanmar, acted for the sponsor of an 800MUS$ urban infrastructure PPP project and worked on 6 out of 7 power deals inked in 2016.
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Private: Charles Magdelaine
Counsel

Charles is a lawyer qualified to practice in Paris and educated in France, the United States and China. He has extensive experience in Southeast Asia where he has worked on a wide range of energy and infrastructure projects, as well as on regulatory reforms, notably on PPP projects. He is currently advising a wide range of sponsors on renewable and non-renewable power projects.
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KEYWORDS

Foreign investment, Ministry of Construction, Private Public Partnership (“PPP”), Toll road projects, Yangon, Yangon Elevated Expressway, Yangon regional government

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