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Land buyers in Myanmar’s Yangon have to pay infrastructure fees

Buyers of land sold by the Yangon regional government have to pay infrastructure fees, according to the Yangon City Development Committee (YCDC). Land sold by the regional government lacked electricity and water supplies, the agency said. The regional government has announced that about 530 plots owned by the government will be sold to the public […]

Yangon govt to act against messy overhead cables

The Yangon Regional Government says it is going to take action against telecommunications companies for untidy telecom cables that crisscross roads and streets, Daw Nilar Kyaw, minister of electricity, industry, transportation and telecommunication said during the sitting of the regional assembly last Thursday. “We will be going to take action against the telecoms companies that […]

The Ministry of Construction, Department of Highways, Invitation to Pre-Qualify for the Yangon Elevated Expressway Public Private Partnership Project Phase 1 , Submission deadline: 30 October 2018.

September 7, 2018 Invitation to Pre-Qualify for the Yangon Elevated Expressway Public Private Partnership Project Phase 1 The Ministry of Construction (“MOC”) of the Union Government of Myanmar, coordinating with the Yangon Regional Government, is inviting interested parties to pre-qualify to undertake the design, engineering, financing, construction, operation and maintenance of the first phase of […]

South Korean firm ink agreement on Dala Bridge

The Yangon regional government signed a Memorandum of Understanding (MOU) with Myanmar Wooree Co, a South Korean firm, to establish an industrial project on July 11. The regional government plans to construct this industrial project on the western side of Yangon River and will plan to connect that with the proposed Dala Bridge, located in […]

Myanmar devises roadmap for expansion of Yangon city

YANGON, June 24 (Xinhua) — Myanmar’s Yangon regional government has formed a new firm to draw up a roadmap to undertake expansion of the financial center to make it a business-friendly and livable city. The first and second phases of the huge project of the New Yangon City Development Company (NYCDC), which is fully owned […]

Policy changes could trigger a new era for Myanmar real estate

Myanmar’s Yangon Regional Government readies a raft of real estate policy changes, including the setting of a benchmark price for properties, set to take effect in the 2018-19 fiscal year. Leading market observers and other industry stakeholders have expressed mixed reactions to the new measure. “With the exception of the affordable housing segment, real estate […]

Yangon government yet to name start date of new bus payment despite tender winner selected

The service provider for the card payment system of Yangon’s buses has been selected. The regional government originally aimed to start the new service by February. But, four months after the target start date, the authorities have not named a date for the implementation of the cashless payment services. The Yangon regional government has chosen […]

North Korean Restaurant in Yangon Ordered to Close its Doors

The government ordered a restaurant belonging to the North Korean Embassy in Yangon be shut down recently following a request from the US for Myanmar to respect a United Nations Security Council (UNSC) resolution on sanctions against North Korea. Aryani Manring, who is assistant public affairs spokesperson for the US Embassy, told The Irrawaddy that […]

Tender Invitation for Ngwe Pin Le Integrated Logistics Zone & IWT Jetty Link Port Project, Submission date: 27 July 2018

1. Yangon Regional Government, the Republic of the Union of Myanmar, intended to develop the Jetty, Inland Container Deport, Container Freight Station and CFS Warehouse and Warehouse/Bonded Warehouse project near the Ngwe Pin Le Industrial Zone and Ale-Ywa to support the transportation and logistics sector within the Yangon Region. 2. Sealed bids are invited from […]

Government woos private sector in construction of Yangon elevated ring road

The Ministry of Construction (MOC) is inviting the private sector to submit Expressions of Interest (EOI) to participate in the construction of an elevated four-lane ring road in Yangon. The MOC on May 18 invited both local and international companies interested in designing, engineering, financing, constructing, operating and maintaining the proposed expressway under a Public […]