YCDC orders 4 companies to halt construction in Myakyuntha Park

The Yangon City Development Committee (YCDC) has instructed four companies to stop their construction in Myakyuntha Park in Yangon, according to a committee member.

The notification came after YCDC’s inspection team discovered that the buildings under construction were violating the terms of the companies’ licences.

The YCDC team inspected the construction sites in the park on 4 March, with member U Khin Hlaing saying that notifications had been sent to the heads of the four companies—Magic Land, Nay La Pwint Service, Inya Palace and Rya Ji.

YCDC began leasing parts of the park to eight companies on 1 April 2013 at a rate of K1 million per acre for 60 years.  Under the terms of the leases, the companies are required to construct buildings in accordance with planning regulations, which only allow certain types of buildings in the park.

The four companies that have not begun building in the park are Max Myanmar, Eden, Myanmar Golden Star and Good Shan Brother.

“We do not accept the construction of buildings similar to shopping malls in a public recreation centre,” U Khin Hlaing said.—

Source: Global New Light of Myanmar

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