The bridge has been publically discussed since 2012, though construction has not yet materialised. That did not stop a wave of property speculators from piling in to the sleepy township, which is currently accessible by ferry boat or by a long overland journey.
U Tin Hlaing said the plans are nearly ready to be signed, though the data is still being analysed and an exact date still being decided.
“The bridge will truly be implemented,” he said.
The signing ceremony will encompass the bridge construction team, Yangon City Development Committee officials and township officials, according to Dala township hluttaw representative U Htay Shein.
Property prices have also increased significantly in the wake of the bridge’s announcement, with a rush of people coming to buy land in the township, he said.
“All people in Dala township wish for this bridge project to become reality,” he said. “We wish for Dala to be the second Yangon, and to develop its economy, social and health education immediately. Also, transportation will be convenient.”
Some buildings may have to be moved for the bridge’s construction, while piles are set to be driven soon as part of the first phase.
U Than Hlaing, another local parliamentarian, said about 90 acres will need to be purchased for the project, with K15,000 per one square foot being the average payment. He added that developers are working to prioritise the township’s local desires. For instance, an access road will be required to get students to schools that will near the developed area.
Work on access roads near Bo Min Yaung Road in Dala township are already underway.
“The access roads from the main roads have to built to assist students with safety,” he said.
U Than Hlaing added that the bridge may help solve some of Yangon’s traffic problems, as well as developing social standards, education and transportation links.
The bridge is receiving financial support from South Korea. The Economic Cooperation Development Fund’s website lists a commitment of US$137 million toward the Korea-Myanmar Friendship (Dala) Bridge Project in 2014-15. The funding was to come in the form of a long-term, low-interest loan.
Myanmar was also to contribute $30 million to the bridge project.
Source: Myanmar Times