How to keep the lid on flooding

​ Myanmar is facing the onset of the approaching monsoon season with the Department of Meteorology and Hydrology warning of potential storms as the monsoon season nears. Whenever the rainy season hits upon us, we would hear constant laments on the conditions of our city's drainage system. As a city planner, architect, building engineer or property ...
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Members of Parliament raise concerns over consequences of Yangon expansion

​14 May 18 -  Since the start of the year, Yangon has announced ambitious plans for expansion and new infrastructure. ''The Yangon population will hit 10 million in the next two decades and it can be a mega city by 2040, said Daw Nilar Kyaw of Yangon regional minister for Electricity, Industry and Transportation. But while the developments are...
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In the Business of Promoting Business

"overnments need to focus on government-related work. Why are they going into business?" "Is it necessary for the Yangon Regional Government to establish a corporation such as NYDC to conduct business?" "Is the Yangon Regional Government trying to build a business empire?" There have been numerous questions and comments on social media and the news...
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Myanmar to implement new urban development projects of Yangon region

​ 13 May 18 (Xinhua) -- Myanmar has laid out new urban development projects of Yangon region inviting local and foreign entrepreneurs to invest in the master plan through a recent Yangon Investment Forum held in the commercial city. The Yangon Region Investment Committee outlined that sub-centers, new towns, railway stations and industrial zon...
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Prioritised sectors, new investment opportunities in Yangon laid out

​11 May 18 -  At the Yangon Investment Forum on Wednesday, Yangon Chief Minister U Phyo Min Thein announced the five sectors his government intends to prioritise and in which Yangon welcomes foreign investments. U Phyo Min Thein said the trade, logistics, industry, public transport and energy sectors would be prioritised, adding that the Yango...
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Kick-starting Stage 1 of the NYDC Challenge

​ Kick-starting Stage 1 of the NYDC Challenge This week is an exciting week for NYDC. We officially embarked on the first stage of the NYDC Challenge with the signing of a framework agreement with a leading global infrastructure company whereby they will prepare and submit a detailed project proposal related to the building of key infrastructure fo...
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Why We Rather Not Pursue Debt Financing

​ Why We Rather Not Pursue Debt Financing Infrastructure development lies at the core of economic growth, which in turn leads to investment, job creation and ultimately poverty reduction. During Phase 1 of the New Yangon City development, our focus will be on building basic infrastructure. This includes five residential areas for resettled villager...
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Laying the Foundation to Attract Businesses

​ Happy Myanmar New Year to all. In my first blog, I had explained the vision of NYDC – which is to create 2 million new jobs. So what does it take to create 2 million new jobs? What are the requirements of turning this vision into a reality? During the launch of NYDC in March, Yangon Chief Minister U Phyo Min Thein said that the improvement and pr...
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Rationale for the New Yangon City

​ Dear Friends, It is an honour and a privilege for me to serve the nation in the capacity of Vice Chairman and CEO of the New Yangon Development Company Limited ("NYDC") – a company set up and owned 100 percent by the Yangon Regional Government to develop the New Yangon City, a land to the west of Yangon river. I had explained the details of this ...
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Dala's water woes

10 May 18 - The Yangon Region government hopes a new tap system will help solve water shortages in the underdeveloped township of Dala, but residents would prefer authorities focus on improving more than 100 ponds where supplies are quickly diminishing. ​   THE RESIDENTS of Dala Township live beside the Yangon River but potable water is s...
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Yangon to focus on construction of deep sea port, new SEZ

​10 May 18 -  At the Yangon Investment Forum yesterday, Chief Minister U Phyo Min Thein said the Yangon Regional Government will prioritise the construction of a new deep sea port and Special Economic Zone (SEZ) in the city. Once complete, the port and SEZ will help expand trade and encourage the inflow of foreign currencies, he said. Some 50,...
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Development could hurt Ayeyarwady River: environmentalists

​ 10 May 18 -  Environmentalists and conservationists have warned that unbridled economic development along the Ayeyarwady River could cause irreversible harm to its ecosystem. "Damage has been done to some extent to the river's ecosystem by urban development and economic expansion. We need to protect the river immediately," said U Myo Thit, m...
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Foreign investors may be less interested in new projects

​08 May 18 -  Foreign investors will become less interested in the new projects if the government is unable to solve difficulties in the current industrial zones, leading to the manipulation of land prices, said Yan Shin, the regional member of parliament of Mayagone Township Constituency-1. The members of parliament debated Yangon R...
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Yangon’s “new city” authority to publicise project documents in bid to improve transparency

03 May 18 - The authority responsible for Yangon's new city development has vowed to release the project documents of selected tenders for public scrutiny, and allow third parties to challenge the awarded party. On May 2, the government-owned New Yangon Development Company Limited (NYDC) announced that the NYDC signed a framework agreement wit...
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Yangon works with China to lay down development plan for new city project

​02 May 18 -  New Yangon Development Company (NYDC) on Monday signed a framework agreement with China Communications Construction Company (CCCC) under which the two parties will carry out the necessary surveys and studies needed to develop and implement a new city in Yangon. NYDC is backed by the Yangon Regional Government, while CCCC is one o...
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