Pathein Industrial Complex to improve living standards

The second phase of the Pathein Industrial Complex which aims to improve the township’s standard of living is slated to commence this year. The second phase will see the construction of shopping centers, hotels, resorts, and luxury and affordable housing projects in Pathein township, Ayeyarwady Region, said U Kyitha Tun, the deputy chief executive officer of Ayeyarwaddy Development Public Company.

“We will include housing projects designed to create an urban lifestyle. Pathein already has a certain standard when it comes to economy and lifestyle. The town will easily become a place of high living standards once the housing projects are completed,” he said. Work on Phase 2 will be implemented this year following the conclusion of Phase 1, he added.

“Pathein doesn’t have quality housing projects yet. Phase 2 will not only upgrade the community’s lifestyle but also boost the township’s economy by attracting investors,” said the deputy chief executive officer. Phase 1 saw the construction of factories that are available for long and short term leases on 1,200 acres of land. It also includes the construction of a port of international standards.

Four CMP (Cut-Make-Pack) factories are currently operating at the factories and arrangements are being made for another four to begin operations within the year. The Pathein Industrial Complex comprises three phases and will be developed on an area of 6,700 acres besides Ngaputaw Road, Pathein township. Approximately
US$ 500 million has been invested in the project. – Translated

Source: Myanmar Times

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