Local
and foreign businessmen are welcome to invest in the new urban development
projects of the Yangon zone master plan, said U Than, who is the joint secretary
of Yangon City Development Committee and a member of Yangon Region Investment
Committee.
U
Than was speaking during the Yangon Investment Forum held on 9 May.
Sub-centres,
new towns, railway stations and industrial zones will be established as part of
the new urban development plan.
The
sub-centre projects are planned for Mindama Secondary central business district
(CBD), Yankin Sub-centre, Thilawa SEZ Sub-centre, Dagon Myothit Sub-centre and
Dagon Seikkan Sub-centre. The trade centre, convention centre, social service
centre, R&D logistics, information technology and software centre,
commercial, business and tourism centres, a sports complex, an amusement park
and an inland port will be established in the central business districts.
The
new town projects are planned for Thilawa New City, Southwest New City (west
side of Kyimyindine), Dagon East New City and Dala New City.
Next,
the railway station area development projects will be carried out near and
around Yangon Central Railway Station, Kyimyindine railway station, Insein
railway station, Yegu railway station, and Mingaladon railway station and
Danyingone railway station, as well as the Emblem station of the nation,
Gateway of CBD, commercial and business function accumulated station, transit node
station from surrounding areas and the intercity terminal station projects.
Businessmen
can invest in the Thilawa Special Economic Zone and new industrial zones,
besides the existing industrial zones.
The
Yangon urban development master plan will prioritise 42 projects at an
estimated cost of US$2.6 billion. Among the priority projects are nine urban
development projects, 10 central business district renovation projects and nine
social service and management projects. Some $885 million have been allocated
to implement the 25 projects for the urban development management sector. The
remaining 17 projects are in the infrastructure development sector, at an
estimated spending of $1.802 billion.
“The
Yangon development vision is to make it an international hub city, a
well-managed infrastructure city, a comfortable city and a city of
good-governance,” said U Than.
“The
urban structure includes decentralisation, which means the urban centre
function will be dispersed to the outer areas. The Yangon Region will design a
national road network and also, it is planned to extend this project to the
southern seaport,” he maintained.
Additionally,
businessmen can invest in the proposed projects, such as the smart and eco city
project in northeast of Yangon, the Dagon East modernised industrial zone in
Dagon Myothit (east and south), the low cost and affordable housing project in
Twantay Township, the Yangon South West New City project in Twantay and
Kyimyindine townships, government employees’ housing projects in Dagon Seikkan
Township, Sagyiwa transport hub projects in Mingaladon Township, and Dry port
and ICD projects in Ngwepinle and Hlinethaya townships.
Some
11 new industrial zones will be established outside Yangon city.
“We
conducted a feasibility study of the land use plan. We will avoid favouritism
by not divulging information and prevent monopoly. We disclosed information to
the public as they have a right to know and express freely their feelings
concerning the projects. This being so, we will reveal to them in advance,”
said the Yangon Region chief minister.
The
Yangon Region is the commercial hub city attracting local and foreign
investments. It helps support 23 per cent of the GDP of the country.
By
May Thet Hnin
Ref;
The Global New Light of Myanmar
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