Mixed development project near Shwedagon Pagoda makes progress

Y Complex Company, a Japan-led consortium, yesterday held preliminary discussions to conduct the necessary environmental and social assessments required to commence development of a large-scale mixed-development project at the intersection of Shwedagon Pagoda Road and U Wisara Road in Yangon. The Y Complex Company is led by Japan’s Fujita Corporation, Tokyo Tatemono Co and Japan […]

New mega-complex project approved near Yangon’s Shwedagon Pagoda

A Japan-led consortium has officially obtained permission to build a large-scale mixed-development project at the intersection of Shwedagon Pagoda Road and U Wisara Road in Yangon. Development of the US$332.5 million project will begin this year on the former site of the military museum across 16,000 sq m of land. It will comprise a high-grade […]

Once-Cancelled Dagon City 1 Project Relocated to New Site

RANGOON — The government has relocated a controversial international development project to a new site after it was suspended seven months ago following a public outcry over its proximity to the Shwedagon Pagoda. The Myanmar Investment Commission (MIC) on Friday approved a new 17 acre site for Marga Landmark’s Dagon City 1 mixed use project, […]

JICA Claims Project Significantly Cuts Yangon Traffic

A private partnership project, aimed at promoting Japanese small and medium enterprises’ business expansion to overseas, has significantly reduced traffic congestion at the notorious Chawdwingone intersection in Yangon, the Japan International Cooperation Agency (JICA) said. Japanese firm Wako Industries Co Ltd made the final report late last month to Yangon City Development Committee (YCDC) on […]