New Yangon City Project Receives Positive Reception From Investors

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 the development of New Yangon City. This is significant as a considerable sum of investment will be required for the construction of the basic infrastructure for the viability of the new city.

Read more

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.

Read more

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.

Read more

Towards a Safe, Smart, Clean and Liveable Yangon

The Economist Intelligence Unit (EIU) publishes an annual Global Liveability Ranking which ranks 140 cities for their urban quality of life. The cities are scored based on five categories — stability; healthcare; culture and environment; education; and infrastructure. Our hope is that one day Yangon will be ranked among the Top Ten cities.
Yangon is the economic capital and heart of our nation, with a rich history dating back to the early 11th century. Today, the city’s population of 7 million people contributes 19.3 trillion kyats to the economy, more than a quarter of Myanmar’s GDP.

Read more
New Yangon City to be Built on Land West of the Yangon River

New Yangon City to be Built on Land West of the Yangon River

Yangon, Myanmar, 31 March 2018 – H.E. U Phyo Min Thein, Chief Minister of Yangon Regional Government, today announced the launch of New Yangon Development Company Ltd. (“NYDC”). The objective of NYDC is to create economic growth, homes and jobs via the development of land to the west of Yangon River. This development will be known [...]
Read more
NYDC Signs Framework Agreement with Leading Infrastructure Company for First Stage of NYDC Challenge

NYDC Signs Framework Agreement with Leading Infrastructure Company for First Stage of NYDC Challenge

Yangon, Myanmar, 2 May 2018 – H.E. Daw Nilar Kyaw, Minister of Electricity, Industry, Transport and Communication and Chairperson of New Yangon Development Company Limited (“NYDC”) today signed a framework agreement with Hong Kong-listed company, China Communications Construction Company Ltd. (“CCCC”), for the preparation and submission of a detailed project proposal to provide infrastructure works related [...]
Read more
1 2 3