Parliament backs Parkway Hospital suspension

THE Pyithu Hluttaw approved a proposal to suspend the lease of a 4.3-acre plot owned by the Ministry of Health near Yangon General Hospital, which was originally slated to house a private Parkway Hospital, at a parliamentary session yesterday.

Lawmakers called for the suspension of the lease of land for the private hospital during their discussions on a proposal submitted by MP Dr San Shwe Win of Yekyi Constituency early this month.

In his discussion, Union Minister for Health Dr Myint Htway expressed his support for the proposal, vowing that the land lease for the private hospital would be suspended.

The ministry leased the 4.3-acre plot on the corner of Bogyoke Street and Pyay Road in Lanmadaw Township to the Singapore-based Parkway Company for the construction of a private hospital following an agreement signed on 9 January 2016.

The Union minister told the Pyithu Hluttaw that no tender was invited to lease the land, and it was leased by the previous government.

According to sources, the company was allowed to rent the land at a rate of US$4.50 per square metre, and $2.58 million was transferred to the account of the ministry, amounting to 30 per cent of the land use premium.

Representatives who took part in discussions on the proposal said the rental process lacked transparency, and the lease price was much lower than the market rate.

Source: The Global New Light of Myanmar

Consult-Myanmar’s comment: Take note that the Parkway Hospital is a Singapore-registered company but is controlled by Malaysian listed firm IHH Healthcare see

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