Second economic zone planned for 2016

A second central economic zone project (the Mindhamma project) will be implemented in Yangon in 2016, according to Yangon City Development Committee.

Experts pointed out that the central economic zone should be separated from the city due to the population density and traffic jams in Yangon.

The project will be built on a 37-acre site at the corner of Mindhamma road and Tawwin road in Mayangon Township. A tender for land rental was invited to domestic, foreign and joint-venture companies in late 2013.

There was a delay in the tender process although the project was intended to launch in 2014. The First Myanmar Construction Co has won the tender for the project.

The project covers hotels, a convention centre, showrooms, a cinema, restaurants, electronic centres and offices.

Source: ELEVEN

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