Yangon inviting foreign help on housing

The Yangon Region government will invite foreign participation in efforts to build more affordable housing, said Chief Minister U Phyo Min Thein.

The chief minister was speaking at a press conference to brief the media on the regional government’s progress after three years in office.

“As Yangon has many industrial zones, many migrants workers are moving to Yangon for work and some of them are living as squatters, especially in Hlaing Thar Yar township. The government is trying to create more housing for them over the the six months,” U Phyo Min Thein said.

He said the regional government is also working to improve public transportation as it is very important for Yangon’s economic development. The government created the Yangon Bus Service to improve public transportation and continues to seek ways to improve the service. There are plans to introduce a card payment system on YBS buses soon.

The chief minister also urged members of the public, especially drivers and street vendors to observe rules and regulations in order to reduce congestion.

“I would like to appeal to people to be more disciplined in terms of parking and vending as this would go a long way to help ease traffic,” said U Phyo Min Thein.

He said the government is working to bring about transit-oriented development by linking circular trains, the YBS and and river transportation. The government is currently working on upgrading the circular railway with foreign assistance.

The chief minister also revealed that, over the last year, more foreign investors have entered Yangon thanks to the loosening of some restrictions.

“Thanks to more autonomy for the regional government, we have been able to facilitate more foreign investment into the region while remaining within the purview of the Foreign Investment Law,” said U Phyo Min Thein.

He also acknowledged that power shortages this year have been worse than last year, but said that next year the government aims to produce 1400 Megawatts of electricity for the region.

“We will ensure that hospitals, compressed natural gas stations, and street lighting receive sufficient electricity as this is part of critical infrastructure. Currently, we cut power to townships in the region on a rotating basis. This results in some CNG stations being unable to supply the fuel for buses, which then hampers commuters and adds to traffic congestion,” said Regional Electricity, Industry and Transportation Minister Daw Nilar Kyaw.

Source: Myanmar Times

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