Myanmar’s regional parliament okays controversial new town project

Myanmar’s regional parliament okays controversial new town project
YANGON, June 16 (Xinhua) — Myanmar’s Yangon region parliament has approved a controversial new Yangon town expansion project in the southwest after a review, and the relevant authorities will invite tenders for the development, an official report said Tuesday.

The new Yangon town project will be established on an area of 4, 745 hectares between the Pan Hlaing River and the Twantay-Yangon Canal as well as between the Hlaing River and Hlaingthaya-Twantay Road in southwestern Yangon.

The new town project represents one of the seven modern housing projects of the Greater Yangon Development Strategic Plan 2040 designed by the Yangon region government and the Japan International Cooperation Agency (JICA).

The seven modern housing projects will be implemented on a land of over 40,500 hectares, accommodating more than 10 million people.

Yangon Mayor U Hla Myint said in the regional parliament that the long-term seven-project plan needs to be implemented, assuring the project will not contribute to financial instability in the country.

Some other MPs also seconded the plan, calling for establishment of the new town to help local people and address the rising population issue in Yangon which has more than five million people and is experiencing an annual increase of 2.6 percent.

The development project, first introduced in August last year, was blamed for lacking transparency and was suspended in September after being reportedly tied to money laundering.


Source: Xinhua News Agency

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