9 entities received RFP to Invest in Package 1 of New Urban Development of Yangon City

The Myanmar Government’s Swiss Challenge Tender Committee received 16 Expression of Interest (EOI) submissions to develop Package 1 – Industrial Park with Essential Ancillary Infrastructure as part of the New Urban Development of Yangon City from nine countries ahead of the 22 October 2020 deadline. Among those entities which submitted an EOI, 15 qualified entities […]

Invitation for Expressions of Interest (EOI) for Development of Industrial Park with Essential Ancillary Infrastructure in New Urban Development of Yangon City. Closing 22 Oct 2020.

REPUBLIC OF THE UNION OF MYANMAR Swiss Challenge Tender Committee October 15, 2020 INVITATION FOR EXPRESSIONS OF INTEREST (EOI) FOR DEVELOPMENT OF INDUSTRIAL PARK WITH ESSENTIAL ANCILLARY INFRASTRUCTURE IN NEW URBAN DEVELOPMENT OF YANGON CITY Yangon City Development Committee under the Yangon Region Government of the Republic of the Union of Myanmar has received an […]

Myanmar breaks up Yangon new city for tender

The Myanmar government will split up the tender process of U Phyo Min Thein’s ambitious new city project, making it less difficult for companies to challenge its pre-ordained Chinese developer.At an investment seminar organised by the Japan External Trade Organization today (July 29), Investment Minister U Thaung Tun said different components of the Yangon New […]

Myanmar splits up “New Yangon” scheme to encourage challenge to giant Chinese contractor

The government of Myanmar has split a Chinese-backed project to create a district for Yangon, the country’s commercial capital. “New Yangon City” was conceived as an 8,100-hectare industrial-commercial zone on the less-developed bank of the Yangon River. The initial work, masterplanned by Aecom, would involve building two bridges, a 13-sq-km industrial estate and commercial and […]

Speculative Yangon City Mega-Project Draws ‘White Elephant’ Concerns for Myanmar

YANGON: On the western bank of the muddy Hlaing River, development and prosperity is a distant view. It can be seen across the expanse of water in the rising apartment blocks, office buildings and grinding industry. Over there is Yangon proper, a city of some six million people and the economic hub of Myanmar. Over […]

YCDC blog: New Yangon City Phase 1 Resettlement Process Updates

NYDC’s Role in the Resettlement Process Dear Friends, The land resettlement of the New Yangon City is the first major milestone task for NYDC. New Yangon City Phase I project employs a pioneering resettlement model and process in Myanmar; first of its kind in the country. Creating a fair and transparent process and balancing it […]

Yangon’s ‘new city’ to begin land compensation process

The Yangon regional government has started providing substitute land to original landowners as compensation for land acquired for the New Yangon City Project on October 8. According to the previous agreement, landowners will retain 80 percent of the original land located within the project area with the remaining 20pc being compensated in Kyeemyindaing township. Phase […]

Thai, Indian Firms Selected to Supply Power, Gas to Myanmar New City Near Yangon

YANGON—The main developer of a controversial new city slated for construction on the western bank of the Yangon River has selected two foreign companies to supply and distribute electricity and natural to for the project. New Yangon Development Company (NYDC) announced on Tuesday that it has chosen Thailand’s PTT Group, comprising PTT, PTTEP and GPSC, […]

NYDC: Evaluation of Expression of Interest for Stage-2 Infrastructure Projects

CEO’s Weekly Blog – 20 August 2019   Dear Friends, On 11 February 2019, NYDC announced the Request for Expression of Interest (EOI) to participate in the Stage-2 infrastructure projects, which included six work streams, namely, 1) Power Supply and Distribution; 2) Natural Gas Supply and Distribution; 3) Cyber Connectivity; 4) Public Transport; 5)  Waste […]

NYDC Blog: The Completion of New Yangon City Master Planning

CEO’s Weekly Blog – 23 July 2019 The Completion of New Yangon City Master Planning Dear Friends, The master planning for New Yangon City was recently completed by AECOM, which identified the most efficient land use planning and built environment. This included infrastructure, economic development, environmental planning, transportation planning, social and cultural planning. AECOM was […]