Yangon City Development Committee will soon take over management of the last two privately owned industrial zones in Yangon as the Ministry of Construction moves to transfer power to the local authority.
The ministry’s Department of Urban and Housing Development (DUHD) has been transferring oversight of Yangon’s 28 industrial zones to YCDC since 2012. The final two zones – owned by local companies Shwe Than Lwin and War War Win – will be handed over very soon, said U Tun Myint Aung, a deputy director at the DUHD.
In the past, the DHUD was responsible for managing buildings and land in Yangon Region, but the role was passed to YCDC in 1992, under orders from the State Law and Order Restoration Council.
Since then, all new townships in Yangon have been under YCDC. However, it has taken much longer to transfer the management of land, according to department officials.
“Our department has yet to transfer the management of housing and some land,” U Tun Myint Aung said.
Not much has changed since YCDC took over management of the industrial zones, said U Myat Thin Aung, chair of the Industrial Zone Management Committee.
However, YCDC has plans to develop the zones in the future, U Nyi Nyi, associate secretary of YCDC, told The Myanmar Times.
“YCDC has been handling the zones for a while,” he said.
While the DUHD has handled oversight in the past, YCDC is actively working to develop the industrial zones.
Though industrial zones are gaining local ground, they also face a number of challenges, such as speculators buying up plots on the zones without building factories.
Source: Myanmar Times