Yangon’s ‘new city’ to begin land compensation process

The Yangon regional government has started providing substitute land to original landowners as compensation for land acquired for the New Yangon City Project on October 8.

According to the previous agreement, landowners will retain 80 percent of the original land located within the project area with the remaining 20pc being compensated in Kyeemyindaing township.

Phase 1 of that project covered 18,390 acres of farmlands and the government returned 1514 acres of developed land to 187 farmers within Kyeemyindaing township.

“Resettlement procedure took many months as it needs step by step cooperation of various departments,” said New Yangon Development Company’s CEO Serge Pun.

The lot drawing for the compensation land in Kyeemyindaing township began in early September. Temporary land transfer orders and land permits have been issued on October 8.

“After the construction of infrastructure at resettlement place, landlords can start using their city lands with necessary permits from respective development committee in accordance with rules and regulations,” he added.

Resettlement, the main procedure of New Yangon City’s first phase will be finished in the coming few months, Mr Pun said. Situated at the west bank of Yangon River, the New Yangon City Project expects to cost over US$1.5 billion in the first phase of infrastructure development.

All land acquisition orders were made in accordance to the procedures stipulated by the government, said Yangon Chief Minister U Phyo Min Thein at the ceremony on Tuesday.

Launched by the regional government in March 2018, the Yangon new city project covers an area twice the size of Singapore.

New Yangon City Development Company (NYDC), the developer signed an agreement with Chinese state-owned enterprise China Communications Construction Company to prepare detailed Pre-Project Documents infrastructure and a 10-square-kilometre industrial estate. The company was met with backlash for doing so without calling a tender. The body said this was to “avoid wasting time” and it would carry out an “NYDC Challenge” instead.

Source: Myanmar Times

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