A licensed contractor’s association was established with the aim of ensuring that buildings are securely constructed under the prescribed rules and regulations, it is learnt.
Yangon City Development Committee (YCDC) has been strictly monitoring the buildings. The freeze in the construction sites caused those who are engaged in the sites to suffer financial difficulties, said the licensed contractors.
The new association can submit reports and problems to the authorities concerned after listening to the public. It can also bring benefits to the public who have purchased the contracted apartments. The contractors can solve the problems of advanced purchases and brokerage cases under the legal contracts and official documents.
There are over 1,200 licensed contractors in Yangon. The formation of an association was celebrated and held during the election of a chief executive on 26th October at the Dolphin restaurant. The positions of chairman, vice chairman, secretaries, auditor and finance –incharge will be informed through media, it is learnt.
After registration of the association, a public company will be set up, said U Tin Maung Win, the chairman of Taw Win Myanmar Construction.
“Our association will carry out the construction businesses and apartment projects in keeping with the set rules and regulations, ensuring the security of the buildings”, U Tin Maung Win said.
Source: Global New Light of Myanmar
