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Myanmar aims urban planning for over 330 towns by 2030: Union Minister

Myanmar is aiming to have systematic urban planning for over 330 towns across the country by 2030, said Han Zaw, Union Minister for Construction on February 10. “The objectives of the ministry are to build 18 feet wide and 41,111 kilometers long concrete and tar roads to meet ASEAN standards, to build all concrete bridges […]

MPs object to president reappointing current Central Bank governor

President U Win Myint has proposed reappointing 79-year-old U Kyaw Kyaw Maung as governor of the Central Bank of Myanmar (CBM) after his current term is complete by the end of this month. Parliament representatives had been expecting the job of improving Myanmar’s financial system to be given to a much younger candidate. Some have […]

Parkland projects suspended pending plan

Yangon Mayor U Maung Maung Soe told the regional parliament yesterday that the YCDC was drafting a master plan and they would only allow projects to be carried out after it is drafted. “Some companies have requested us to draft the master plan as soon as possible. The buildings must be located 30 feet away […]

Government Lost Millions of Dollars as Large Firms Paid Rock Bottom Rents for Public Land – Report

Yangon’s govern­ment has lost bil­lions of kyat in po­tential revenue by leasing public space to local firms at rock-bottom rates, a report from the Auditor General’s Office has re­vealed. The report is based on an analysis of the Yangon City Development Com­mittee’s (YDCD) finances, which are not normally made public. Looking at the 2015- 2016 […]

MPs criticise govt contract to company without invitation to tender

Members of Parliament criticised the government for giving ACE Construction Company the contract to construct a stage in Nay Pyi Taw for a grand military review, estimated to cost Ks 6.4, without inviting tenders. MP Sandar Min said, “The additional budget for the grand military review is not included in the budget estimate. The Ministry […]

MPs lead charge as critics slam city plan

White elephant, visionary development or dodgy business deal? The Yangon Region government’s proposal for a massive city expansion project with a mysterious public company linked to Chinese interests has sparked intense debate, with pressure growing on the authorities to disclose further details of their plan. The expansion project covers 30,000 acres to the west of […]