More flyovers slated for construction in Yangon

YANGON — More flyovers have been planned for construction in Tamwe, 8-mile Junction and Kokine in the 2015-2016 fiscal year, according to the Yangon Regional Government Committee.

As special projects of the Yangon Regional Government Committee, three overpasses will be constructed using funds generated by the selling of vacant land for industrial use in Yangon Region. Nearly Ks 54.5 billion will be budgeted for their construction.

“Last year, we raised about Ks 15 billion at auction for 29 industrial plots. We are going to use that money on Yangon’s development projects,” said an official from the Yangon Region Government Committee.

The official also said plans for overpass construction projects are still developing, and as such, he could not say where new overpasses would be built.

Flyovers have been built around Yangon with the aim of alleviating traffic jams, including at Hledan, Shwegondaing and Bayintnaung junctions. Nonetheless, the traffic jams persist.

Plans to build an overpass at Myaynigone junction have also been revived.

MPs debated whether more overpasses should be built at a Yangon Regional Parliament meeting in December last year. However, the Yangon Regional Government Committee concluded that it remains necessary to build more overpasses.

Source: Eleven Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here