Parliament opposition leaves two more flyovers in doubt

Two expensive flyovers budgeted for Yangon should be scrappedamid criticism over the portion of public funding dedicated to the projects, a parliamentary committee said yesterday. The outgoing region government earmarked K32.2 billion (US$26.1 million) forthe bridges, slated for the junction of Kabar Aye Pagoda and Parami roads, and North Okkalapa junction. But yesterday the parliamentary Finance, […]

Developers pile in to tender for Southwest New City

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 11,716-acre site, bordered by the Pan Hlaing […]

Prices plummet after new city plans halted

Market prices have collapsed west of Yangon after region officials shelved controversial plans for a massive city expansion in the area. “There are no more buyers,” said U Hla Chit, a broker who had chased opportunity to the area. “The market has totally stopped and farmers are quiet about selling the land, and local brokers […]

New city project suspended indefinitely, says Yangon mayor

A controversial US$8 billion project to build a new city on Yangon’s western outskirts has been indefinitely suspended by the Yangon region government. The decision to suspend the project was announced in the Yangon regional hluttaw from Yangon Mayor U Hla Myint on September 26. Asked how long the project had been suspended, U Hla […]