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How NYDC Develops New Yangon City Sustainably

NYDC CEO’s Blog: How NYDC Develops New Yangon City Sustainably Dear Friends, For the scoping of the environmental study perimeter for New Yangon City project, the NYDC team has conducted several discussions with relevant specialists and officers from the Ministry of Natural Resources and Environmental Conservation (MONREC) – Environmental Conservation Department (ECD) since mid-2018. During […]

NYDC: Addressing Key Public Concerns on New Yangon City

CEO’s Weekly Blog – 18 March 2019 Addressing Key Public Concerns on New Yangon City Dear Friends, We had the second Townhall Meeting on 6 March 2019. Some of you may have attended in person, some may have watched it on our NYDC Facebook Live Stream. It was a robust discussion and I am glad […]

New Yangon City Chief Grilled Over Chinese Contractor’s Reputation

The CEO of the company developing the controversial New City project on the west bank of the Yangon River has defended the involvement of a Chinese firm with an international reputation for engaging in bribery and corruption. The Yangon government-backed New Yangon Development Company (NYDC) last year signed a US$1.5-billion (about 2.3 trillion kyats) framework […]

Yangon’s ‘new city’ plan raises a billion-dollar question

On January 12, the Chinese embassy in Yangon issued a statement that mentioned the US$.3.6 billion Myitsone dam project, suspended by the government since 2011, in a manner that aroused indignation in political circles and among the public. The statement, issued after a visit to Myitkyina by Chinese ambassador Mr Hong Liang, attributed Hong as […]

Public Needs Reassuring Over BRI-Related New Yangon City Project Yangon

Of all the development projects initiated by the Yangon government, the New Yangon City project is indisputably the most controversial. From the beginning, the project’s location—a 20,000-acre site on the west bank of the Yangon River—has been questioned due to the flood-prone topography of the area. Then it emerged that the project’s main developer, the […]

NYDC invites Expression of Interest for list of Infrastructure Projects. Closing Date 28 Feb 2019

  New Yangon Development Co., Ltd. (NYDC) is inviting interested companies to begin the first step of the NYDC Challenge for the below infrastructure projects for development of the New Yangon City Phase 1. Power Supply and Distribution Public Transport System Cyber Connectivity Infrastructure Municipal Waste Disposal Natural Gas Supply and Distribution Convention Center The […]

Yangon’s new city to start bidding process

The government body in charge of developing the new Yangon city project announced that it will commence the bidding process in mid-February. Yangon’s regional government launched an ambitious new city project via a government-owned New Yangon Development Co (NYDC) last March. The scheme covers an area twice the size of Singapore with a target of […]

NYDC CEO Blog: New Yangon City Project receives Positive Reception from Investors

Dear Friends, I am encouraged by a couple of events that occurred recently. Firstly, the Vice Chairman of the National Development and Reform Commission of China (NDRC), Mr. Ning Jizhe, paid an official visit to Myanmar late last month. During his formal courtesy call to the Yangon Chief Minister, Mr. Ning reiterated China’s support for […]

Chinese firm finalises new Yangon city proposal

The government body in charge of developing an ambitious new Yangon city project has reached the final stage in negotiations with China Communications Construction Company (CCCC) in preparing pre-project documents (PPD). Launched by the regional government in March via a 100pc government-owned New Yangon Development Co (NYDC), the new city project covers an area twice […]

Beijing Urges Gov’t to Get Ball Rolling on China-Myanmar Economic Corridor

The vice chairman of China’s top economic planning agency has pushed Myanmar’s State Counselor to work out an implementation plan for the China-Myanmar Economic Corridor, a part of Beijing’s Belt and Road Initiative (BRI). China National Development and Reform Commission (NDRC) Vice Chairman Ning Jizhe held talks with State Counselor Daw Aung San Suu Kyi […]