Ministry of Construction commits to four mega projects in 2018

The Department of Urban and Housing Development under the Ministry of Construction yesterday announced its commitment to implementing four mega infrastructure projects in Mandalay and Yangon regions. In Mandalay, the MOC has shortlisted six companies, one of which will be selected as Master Developer of the New Mandalay Resort City, which will be developed in […]

Korea-Myanmar group proposes $620m Yangon expressway

Two companies from Korea and a Myanmar conglomerate have submitted a joint proposal to the Ministry of Construction to build an expressway from Yangon to Bago. Capital Diamond Star Group (CDSG) hopes to work with South Korea’s Lotte E&C and Halla Corporation to build the road, which would link Yangon to a new international airport […]

Sales in Yangon’s East North New City are ‘dreary’ say realtors

Yangon Mayor U Hla Myint told the regional parliament last June that the East North New City had been awarded first priority among the seven new city projects devised by the Strategic Urban Development Plan for Greater Yangon 2040. He stressed the importance of its location between the future Hantharwaddy Airport and Thilawa Port and […]