Infrastructure procurement: Infrastructure development is one of the ten priority areas listed in the country’s Framework for Economic and Social Reforms (FESR), and Private Participation in Infrastructure (PPI) is one approach to achieving this. The government seeks to mobilise both donor and private sector funding in order to expand infrastructure.
PPP projects: The government started using PPPs in multiple sectors of the economy, including telecommunications, electricity, natural resources, housing, civil aviation, roads, and public transport.
Myanmar currently has 61 road projects covering 5,895 km under the BOT system, most of which are being carried out by local companies. Hydro-power and coal-fired thermal power plants are only permitted as part of a joint venture with the Myanmar Government or on a BOT basis.
|Subsidies & Guarantees|
|Incentives||The New Foreign Investment Law (2012) provides details on incentives for investment, such as:
• Corporate income tax holidays of five years
• Guarantees against nationalisation, termination of investment activities without sufficient clauses and transfer restrictions.
|Viability Gap Funding (VGF)||No VGF currently in place.|
|Other Public Support|
|Land Acquisition Support||No framework currently in place to facilitate land acquisition for the private sector.
Foreign investors can lease land from the government or from authorized private owners for a period of 50 years, extendable by two additional 10-year periods.
|Project Development Fund (PDF)||No PDF currently in place.|