The New Yangon City project is an ambitious and controversial idea in its early conception days. Of the 80 projects posted, one was an industrial zone by a Thai company in Dagon Myothit (East) and Dagon Myothit (South) townships. Sumitomo consortium will perform construction works for Pazundaung – Bago, the Tekken-RN joint venture will be responsible for Bago –Nyaunglaypin section, … Subscriber Services Subscribe to ADB's Newsletters, Alerts and RSS feeds. The project will have the following outcome: Yangon City''s security of water supply reinforced. The meeting was held to discuss the project, the process for announcing Preferred Bidder, and the implementation of … The Myanmar Development Institute (MDI) is an economic think‐tank to strengthen the analytical capacity of the government of Myanmar in the formulation and implementation of long-­term national development agenda and specific policy actions based on the 12-­point economic policy. Previous Post Previous ‘Priority projects’ announced by Yangon Government. Three contractors have been selected for the Yangon – Taungoo section split into three subsections. The initiative aims to align projects with the development objectives of ministries to bring an element of consistency and planning to the projects as opposed to unsolicited proposals. Development of the Project Bank. Yangon Project Bank described the projects of Yangon inner ring road and Yangon outer ring road of Yangon Elevated Expressway as strategic parts, said a source from the Ministry of Construction. Ongoing political changes related to Myanmar’s opening process bring some … The tender winning company for Yangon … “The Yangon Project Bank is a roadmap of the future of Yangon. The project will complement YCDC''s strategic plan by increasing its supply of raw water from Ngamoeyeik reservoir to … Chawalit said that in terms of investment in Myanmar, PTT Group is also following the progression of two possible projects. Under the Notification issued on 30 November 2018, a project bank (Project Bank) will be established by the Ministry of Planning and Finance (MoPF) for the projects submitted by Myanmar government agencies (referred to as Implementing Government Agencies (IGA)), which plan to develop and implement projects. Phase 1 of the New … The project's output are (a) Bulk water transmission system constructed. You can help Wikipedia by expanding it. A mega project is planned on this land, a new metropolis to be powered by Chinese money. These projects have been put together in the Project Bank by the Ministry of Construction as short-term and long-term ones and they are regarded as strategic mission. The Project is located adjacent to the … Events & News . It will also give investors options and new opportunities to invest in Yangon,” U … Part 1 of the Yangon Elevated Expressway project is estimated to cost $800 million, according to U Han Zaw, Union Minister of the Ministry of Construction, at the meeting by Steering Committee on Implementation of Yangon Elevated Expressway and Outer Ring Road. References External links. The Myanmar Times has received … Whoever emerges out of this bidding as the final winner, the potential disclosure of all relevant information in relation to the project is likely to also allow thorough public scrutiny while ensuring the … The planned “Yangon Elevated Expressway” Project, sponsored by the Ministry of Construction of the Union Government of Myanmar (MoC), is one of the Government’s top priority projects. The Yangon New City Project will be carried out with collaboration from the World Bank, International Monetary Fund (IMF), International Finance Corporation (IFC) and foreign loans, said Yangon Region Minister for Electricity, Industry, Road and Communication Daw Nilar Kyaw at the 2nd Yangon Region Hluttaw meeting held on 10 July. These include new city development, housing, redevelopment, industrial, port, fishery, agriculture, transportation and public space projects, which will be implemented under public-private partnership (PPP) agreements. MIGA has been approached by Korea Land and Housing Corporation (LH) (the Guarantee Holder) to cover equity investment and a loan guarantee in Korea Myanmar Industrial Complex Co., Ltd (KMIC or the Project Company) for the development, construction and long-term lease of a 2.2 square kilometer (km2) industrial complex (the Project). NYDC CEO Serge Pun. The Yangon Region Government this week has reportedly invited investments in projects included in the Yangon Project Bank's pool of 80 priority projects located in the region. The area designated for this project is approximately 88.30sqkm (21819.41 acres) of land on the west bank of Yangon River, across from the existing Yangon city. The project comes under Meeyahta Development Ltd, a joint-venture between Yoma Strategic (48%), First Myanmar Investment Company Limited (12%), the Mitsubishi Companies (30%), the International Finance Corporation (5%) and the Asian Development Bank (5%). Source: Colliers International, The Myanmar Times, Similar to this: Interim census planned for November this year - to review growing social and economic affairs “Frontier Market: Enhancing Property Values” event held … Resettlement Plans Yangon City Water Resilience Project: Resettlement Plan; Initial Environmental Examination Yangon City Water Resilience Project: Initial Environmental Examination; View all documents . The Yangon regional government showcased a total of 80 projects in the Yangon Project Bank, saying they would enhance the living standards of lower-income citizens, and raise the level of income of middle- and high-income citizens. MDI will also support the government of Myanmar in conducting feasibility studies, evaluation of the national projects and other … Next Post Next Govt relaxes visa … Yangon Stock Exchange . ... As Myanmar citizens have very few chances to work in the new Yangon city project due to the participation in the ASEAN Economic Community in 2020, two million jobs U Thein Wai have talked about is totally impossible. The initiative aims to overhaul the way in which ministries identify and tender projects, and will provide a new framework for … The project will focus on public transport priority measures for the Pyay Road corridor, and on traffic management, parking and pedestrian facility improvements in the central area as well as … (Banking/ Investments/ Fin.service) Work location No. It is an ambitious project to build a new city on the left bank of the Yangon River, adjacent to Yangon City, in order to accommodate the overflow of the old city. 12-Mar-2020. 5th Annual Staff Party of Strand Square Excursion Trip first group on 28th February – 01st March 2020 and second group on 6th -8th March 2020 at Ngapali Beach. Following the outbreak of the … Comment. The Yangon Project Bank is a similar parallel initiative that focuses on the Yangon Region and complements the Union Project Bank. The projects are spread across multiple sectors including real estate (residential and commercial), industrial zones, roads, ports, and other urban infrastructure developments such as markets and parks. It was also known from Myanmar Investment Commission that Thailand’s Amata Corporation Public Co., Ltd. was permitted … Read more. There can also be other worse situations. A November 30 notification from the President’s Office explaining how the project bank will function stated that E/SIAs and relevant studies for all the proposed projects have to comply with Ministry of Natural Resources and Environmental Conservation regulations, and the government will be responsible for compensating and/or resettling communities who are affected. Currently, it takes 16 hours to travel 570 miles from Thialwa, Yangon to Bangkok by vehicles. It includes small-scale developments like markets and parks as well as large-scale industrial projects. It will also give investors options and new opportunities to invest in Yangon,” U Phyo Min … view all. At the launch ceremony in March, Chief Minister Phyo Min Thein said that the new city will create 2 million jobs while also … Your email address will not be published. The Yangon Project Bank is a similar parallel initiative that focuses on the Yangon Region and complements the Union Project Bank. New Yangon Development Company (NYDC) CEO says New Yangon City Project will move forward. Leave a Reply Cancel reply. Follow ADB: About ADB. | Phone: +951 226721 Ext 313, 314, Email: thaibizmyanmar@gmail.com, Website: www.thaibizmyanmar.com Investment Opportunities in Yangon New City Project Overview A long- stalled Yangon new city development project will be carried out in collaboration with the World Bank, International Monetary Fund (IMF), … Yangon government invites investment in 80 priority projects … The Yangon project is funded by the Cities Development Initiative for Asia (CDIA) and is managed by the Asian Development Bank (ADB), with the Yangon Region Government as the lead local counterpart. 5th Annual Staff Party of Strand Square . The new area will be built on around 8,000ha of agricultural land on the opposite bank of the river from Yangon. The first is the Gas … It includes small-scale developments like markets and parks as well as large-scale industrial projects. This page was last edited on 29 … “The Yangon Project Bank is a roadmap of the future of Yangon. It is a 13-per-cent internal rate of return only. The Project Hub Yangon (PHY) had to struggle especially with a non-existant support system, very few potential investors or business angels, complex regulations and constantly changing policies. In this report, main five … Post navigation. The Ministry of Planning and Finance is preparing to launch an interactive and publicly accessible online “project bank” containing priority initiatives that have been screened and approved by the government for their positive impact on economic and social development. The CEO of the company slated to develop the controversial New Yangon City project on the west bank of the Yangon River says he is hopeful that the project will commence this year and that he believes there will be no changes to the project plans, despite Myanmar and … The Myanmar government’s decision to implement the New Yangon City project under Swiss Challenge is expected to ensure a more competitive tender process with greater transparency and accountability. The Yangon-Mandalay railway project is carried out within two sections, the first one from Yangon to Toungoo and the other form Mandalay to Toungoo. The Yangon Region government yesterday invited investments in projects included in the Yangon Project Bank, a pool of 80 priority projects located in the region. AECOM Singapore Pte Ltd was appointed by the New Yangon Development Company Limited (NYDC) to prepare the Master Plan and Strategic Plan for the New Yangon City (NYC) in September 2018. Mahabandoola Park . Categories Highlights. The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, … Yangon government invites investment in 80 priority projects included in the Yangon Project Bank. The project is aligned with the following impact: Yangon City''s urban resilience and liveability enhanced. Official website; This article about a building or structure in Myanmar is a stub. 0.7KM Park . The Yangon Region government invited investments in projects included in the Yangon Project Bank, a pool of 80 priority projects located in the region. The New Yangon City Project (NYC) is a joint venture Between the regional government owned New Yangon Development Company (NYDC) and the China Communications Construction Company (CCCC). Yangon Government that had projects both in and at the outer rim of the city had posted all the projects in Yangon Project Bank. Legal security is hardly guaranteed which leads to a lot of uncertainty and enormous difficulties of making binding agreements. There may be hundreds of thousands of … It is expected that the New Yangon City project will create two million new jobs. Project Bank, a centralised and publicly-accessible database of infrastructure projects in Myanmar as well as provide a new framework for managing public private partnership (PPP) projects. New Yangon City Project ... CCCC, which has negotiated a framework agreement with YCDC for developing the project, was sanctioned by the World Bank between 2009 and 2017 for fraud and corruption infractions. The MoC, coordinating with the Yangon Regional Government, has been managing for potential local and/or international sponsors for the development of a Public Private Partnership (PPP) for a 47.5 kilometer … AECOM worked closely with … 0.28KM Land Mark . Technical Project Manager job in Myanmar from AGD Bank In Project Management Jobs. The New Yangon City development was launched last year and plans to develop the new city on 20,000 acres of farmland from downtown Yangon across the west bank of the Yangon River between the Hlaingthaya-Twante motorway and Seikkyi Kanaungto Township. Popular. According to the Yangon government, the project bank is in line with the Myanmar Sustainable Development Plan (MSDP) drawn up the National League for … Asia-Yangon Bank; Ayeyarwady Bank; Ayeyarwaddy Farmers Development Bank (A Bank) Co-operative Bank (CB Bank) Myanmar Citizens Bank; Glory Farmer Development Bank (G Bank) Kanbawza Bank; Myanma Apex Bank; Myanmar Microfinance Bank; Myanmar Oriental Bank; Myanma Tourism Bank; Shwe Rural and Urban Development Bank (Shwe Bank) Tun Commercial Bank … The Yangon-Bangkok highway project that will allow people to reach Bangkok Yangon by bus in nine hours has launched with financial assistance from Asia Development Bank, according to the Ministry of Construction. 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