Hlaingtharyar Crippled by Transportation Costs

Sources from export-import businesses have said that transportation expense from Hlaingtharyar Industrial Zone to the nearest seaport by container trucks is much higher than the charge made by other industrial zones, hampering the viability of the industrial zone. Since the rental container trucks to transport goods do not match the necessary standards, additional transportation charges […]

Yangon-Dala Bridge Back on the Table with $138-m S Korean Loan

A $138-million loan will be secured from South Korea for the construction of Yangon-Dala bridge, U Kyaw Lwin, an official from the Ministry of Construction, told the parliament. The rest $30 million of the $168-million project, will be provided by a Korean foreign investment company Economic Development Cooperation Fund (EDCF). U Kyaw Lwin said the […]

Hlaing Tharyar set to shine after bridge opens

After several years of painful traffic jams, the owners of properties in Hlaing Tharyar, across the Yangon River to the north-west, could be poised to reap higher returns on their investments, say real estate agents. The completion of a four-lane bridge across the river in October has slashed travel times to Hlaing Tharyar. “Hlaing Tharyar […]

Land sales grind to a halt in Yangon New Town area after price surge

Sales of land in the area where the so-called Yangon New Town is planned have ground to halt after prices soared to Ks 70 million (US$72,000) to Ks 85 million an acre, local residents and real estate agents say. The new town will cover 30,000 acres in three townships: Kyimyindine, Seikkyi Kanaungto and Twantay. Yangon […]

Investors Needed to Link New Hanthawaddy Airport to Yangon

Financial backing from the private sector is needed to link Burma’s proposed new international airport at Hanthawaddy with Rangoon, the country’ biggest city, government officials said. “We propose a highway and a high-speed train to Yangon,” Kyaw Soe, an official at the Department of Civil Aviation, told The Irrawaddy. Unable to put a number on […]