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 […]
Chinese firm finalises new Yangon city proposal
Hong Kong Firm Close to Finalizing New Yangon City Proposal
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 […]
Real estate rush in Twante township
In the eyes of land speculators the stars are aligning for Twante township on the outskirts of Yangon, which is swiftly being linked to the city by new roads and bridges and is located beside a huge new development project, the Southwest New City. The sleepy township depends on agriculture and most of its residents are farmers, […]
Residents demand pay for new Yangon bridge
Sampan operators and homeowners who have been asked to make way for a new bridge that will link downtown Yangon to a huge new development to the southwest of the city are demanding hundreds of millions of kyat in compensation. The groundbreaking ceremony for the controversial Southwest New City is scheduled for March 27, with construction to follow as fast […]
Yangon ‘new cities’ passed on to NLD
Yangon authorities have tried to launch a city expansion project, in various guises, for the past two years, but have met widespread opposition and made little progress. The latest plan, to build seven satellite towns, was made public in July. It was announced shortly after a multi-billion-dollar contract – awarded in 2014 to Chinese investors to […]
First winner coming in New City tender
Subscribe to our tender alert mailing list Yangon Region is set to announce the winning developer for one of the seven proposed new city projects on September 22. The Southwestern New City is at the same site that was at the centre of the controversial New City proposal a year ago, when it was revealed […]
Fresh opposition for relaunched ‘new city’
A controversial Yangon expansion plan is again being picked apart in parliament for a lack of transparency over who will build it. The government invited tenders in July for what was proposed as one of seven satellite cities in a temporarily suspended plan that was revamped and approved in June. More than 50 companies signalled […]
Developers pile in to tender for Southwest New City
Subscribe to our tender alert mailing list In a sign of renewed confidence in a controversial project, more than 50 companies have signalled their interest in developing Southwest New City. Regional government officials say all have bought tender forms in preparation for bidding to take part. Yangon regional government invited tenders last month for the […]