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.

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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.

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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.

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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.

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Stay Tuned to the details of the Pre-Project Documents

The past weeks have been hectic as we approach the final stage of negotiations with China Communications Construction Company Ltd., (CCCC) for the preparation of the Pre-Project Documents (PPD). These documents will pave the way for the first stage of the NYDC Challenge. The details of the PPD would be announced soon and it includes the following scope of works:

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Creating an Efficient and Accessible System of Public Transportation

There has been a lot of press reports and comments on social media questioning the validity of NYDC. Some have questioned whether NYDC is a properly approved entity, whether budget has been approved, or if funds are used appropriately.
As the Chief Executive of this company, it is not my intention to get involved in politics. My job is to create two million jobs, and the assignment is to bring Foreign Direct Investment

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