YANGON: On the western bank of the muddy Hlaing River, development and prosperity is a distant view. It can be seen across the expanse of water in the rising apartment blocks, office buildings and grinding industry. Over there is Yangon proper, a city of some six million people and the economic hub of Myanmar. Over […]
Speculative Yangon City Mega-Project Draws ‘White Elephant’ Concerns for Myanmar
November 29, 2019 by
Chinese firm finalises new Yangon city proposal
December 4, 2018 by
The government body in charge of developing an ambitious new Yangon city project has reached the final stage in negotiations with China Communications Construction Company (CCCC) in preparing pre-project documents (PPD). Launched by the regional government in March via a 100pc government-owned New Yangon Development Co (NYDC), the new city project covers an area twice […]
Hong Kong Firm Close to Finalizing New Yangon City Proposal
November 28, 2018 by
Hong Kong-listed China Communications Construction Co. Ltd (CCCC) has nearly finalized its proposal for the development of US$1.5 billion (2.4 trillion kyats) worth of initial infrastructure for the controversial “New Yangon City” project across the Yangon River from Myanmar’s commercial capital, according to a government body established to oversee the project. New Yangon Development Company […]
Capital for NYDC are Deposited to Local Banks
September 25, 2018 by
New Yangon City Project, Yangon Regional Government’s mega project, will be implemented on the western bank of the Hlaing river. The project is falling behind the scheduled start date, because of this the capital for the project is being deposited in local banks, KBZ bank and AYA bank, Daw Khin Than Hla, Yangon Regional Auditor […]
Yangon factories told to treat water or else
October 25, 2017 by
The government warned factories to treat their wastewater properly before disposing it into rivers or face penalties, including closure of their facilities. In Yangon Region’s 24 industrial zones alone, there are 3474 factories but only 188 have proper wastewater treatment facility, said U Saw Win Maung, deputy head of Pollution Control and Cleaning Department (PCCD) […]
Transport Experts Encourage Myanmar to Adopt PPP model
May 31, 2017 by
AS Myanmar and its cities are developing the transport infrastructure, experts have advocated the adoption of the public-private partnership (PPP) model to speed up the development, according to a transport conference last week. International law firm Baker McKenzie, in collaboration with the British Chamber of Commerce Myanmar, hosted the conference “Myanmar: Moving Ahead Perspectives on Developing Transportation Infrastructure” […]
