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Massive Yangon City Expansion Renders Naypyitaw Pointless

Myanmar’s business capital of Yangon will see a massive expansion to accommodate its growing population and make the city more business-friendly and livable, the regional government said. This will make custom-built capital Naypyitaw, located 367 kilometers in the north in the middle of nowhere, an even more pointless city, observers noted. The New Yangon City […]

New plans needed for rapidly growing Yangon, says housing director

The government needs to prepare plans to deal with a shortage of infrastructure and the increasing number of crimes, said Myint Naing, deputy director-general of the Urban and Housing Development Department at the Ministry of Construction. Yangon, with a population of over 5 million people, is also the country’s fastest growing city and will become […]

Government guarantees needed for large investments in real estate sector

Government guarantees on investments and policies are required before Yangon and the rest of the country can secure the capital needed to develop large-scale megacity projects, real estate experts said. Although foreign investors have mostly been keen to invest in the attractive Yangon real estate market, they mainly stay away from lucrative megacity development projects […]

Yangon New City Project makes few adjustments

The Yangon New City Project will be carried out with collaboration from the World Bank, International Monetary Fund (IMF), International Finance Corporation (IFC) and foreign loans, said Yangon Region Minister for Electricity, Industry, Road and Communication Daw Nilar Kyaw at the 2nd Yangon Region Hluttaw meeting held on 10 July. The new city will be […]

Buses, buses everywhere — is it too many?

“YBS system has been introduced. Traffic Control system has also been introduced. The question then arises! Can these actions ease traffic jams in Yangon? No. Especially in a country which tries to be developed. The problem of traffic jam has to be tackled through good management. It may be crowded on bus during the rush […]