Feasibility studies have been conducted for extending Yangon jetty to the mouth of the sea to be able to dock large ships, said Yangon’s Chief Minister at a November 12 ceremony during a regular meeting of businessmen and women with Vice President (1) Myint Swe held at the UMFCCI. “These ports were built in the […]
Yangon’s Port Under Study for Expansion
Union budget funds to go on housing projects in Ayeyawun and Yadana
Funds from the Union budget have been allocated to the construction of 11 residential buildings in Ayeyawun and Yadana. Eighteen other housing projects will be carried out in cooperation with private companies under joint ventures. The chairman of the Myanmar Construction Entrepreneurs Association submitted a proposal to Vice-President Myint Swe that the government provide more […]
Rangoon Firms Seek Fixes to Familiar Woes in Chief Minister Meet-Up
RANGOON — Reliable supplies of running water and electricity, as well as thousands of squatters, are urgent issues to be prioritized, the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), an organization of influential businesses in Rangoon, told the division’s new chief minister at its meeting with him on Monday. The new […]
Successful Bidder for Rangoon Traffic Project Still Unknown
RANGOON — While an evaluation committee has finished its selection process, it has yet to announce the successful tender to lead a traffic control project in Rangoon, said Thein Aung, director of engineering company VANGUARD, at a press conference on Tuesday. The government put out a call for bidders to lead a traffic control project […]
Squatters: a challenge for the new government
The squatter problem in Yangon is growing day by day. The problem remains unresolved, despite the efforts of successive governments. In the 1990s, Yangon had 9,019 squatter households. According to figures collected in 19 townships in the Yangon municipal area, this number has increased to 43,985 today—about five times higher than in the 1990s. Hlaingthaya […]
Rangoon Govt Invites Private Investment in Public Bus Company
RANGOON — The Rangoon Division government on Monday launched an initiative to set up a US$25 million public bus service company that would improve major bus lines in Rangoon, Burma’s biggest city. On Tuesday, an official said they had already received pledges for more than half of $15 million in private funding shares required for […]
Myanmar Consumers Protection Association says Golden City housing lacks guarantees
The Myanmar Consumers Protection Association requested the company to provide clear guarantees and information to buyers at a press conference at My Garden restaurant in Yangon on May 28. The company is developing first ever condominium project via a build, operate and transfer (BOT) agreement on army-owned land which means the buildings will have to […]
Yangon’s parks now off-limits to private sector, claims official
No automatic green-light will be given for the opening of beer pubs, shopping centres and other business projects in the parks of Yangon, including the People’s Square, according to an official from the Yangon City Development Committee (YCDC). “In the time of our former mayor, the YCDC allowed private entrepreneurs to turn the parks into […]
Yangon gov’t to sell apartments at Ks 12 million per unit
YANGON—Apartments from the Shwe Linban low-cost housing project, located in Hlaing Thayar Township in Yangon, will soon be sold at less than Ks 12 million (US$ 12,000 ) per unit, according to the Department for Human Settlement and Housing Development. “The Yangon regional government is now discussing the sale of apartments from the Shwe Linban […]
Myanmar to build the first of its kind car-park
YANGON-Yangon authorities are planning to build a multi-storey car-park in downtown to reduce traffic congestion, according to Yangon City Development Committee (YCDC). The car-park, the first of its kind in the country, will be a 15-storey building to be built in a land plot owned by YCDC. It will have the capacity of more than […]