Key Milestone: Invitation for Expression of Interest for First Package of Works
We are very pleased to report that the Swiss Challenge Tender Committee has issued the invitation for Expressions of Interest (EOI) for the first package of works on 15 October 2020. This is an important milestone in the overall development
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Frontiir Selected as Preferred Applicant for Cyber Connectivity Infrastructure
We are pleased to announce the selection of Frontiir Pte Ltd (Frontiir) as the Preferred Applicant for the Cyber Connectivity Infrastructure. Frontiir is a homegrown Myanmar company that operates Myanmar Net since 2013 and is a major service provider serving
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Progress Updates
I hope you are all having a tremendous 2020 and it is my pleasure to share the first news update of NYDC. Last week, President Xi Jinping made a State visit to Myanmar. His visit was to commemorate 70 years
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NYDC’s Role in Resettlement Process
The land resettlement of the New Yangon City is the first major milestone task for NYDC. New Yangon City Phase I project employs a pioneering resettlement model and process in Myanmar; first of its kind in the country. Creating a
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New Yangon City Recognised at 6th SIP Planning Awards 2019
I am delighted to share that on 12th September 2019, New Yangon City was presented with a Merit Award for Best Planning Project at the 6th Singapore Institute of Planners (SIP) Planning Awards 2019. This award is a significant milestone
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New Board Members Lead Next Stage of NYDC Growth
In line with NYDC’s transition into the next phase of growth and our ongoing commitment to achieving high efficiency in the development of the New Yangon City, which will ultimately merge into the existing Yangon, the Yangon Regional Government has
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Evaluation of Expression of Interest for Stage-2 Infrastructure Projects
On 11 February 2019, NYDC announced the Request for Expression of Interest (EOI) to participate in the Stage-2 infrastructure projects, which included six work streams, namely, 1) Power Supply and Distribution; 2) Natural Gas Supply and Distribution; 3) Cyber Connectivity;
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Connecting with experts in City Planning
The NYDC team participated in the 2019 ULI Asia Pacific Summit that was held in Shanghai, China from 11th to 13th of June 2019. Urban Land Institute, commonly known as ULI, is the oldest and largest network of cross-disciplinary real
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The Completion of New Yangon City Master Planning
The master planning for New Yangon City was recently completed by AECOM, which identified the most efficient land use planning and built environment. This included infrastructure, economic development, environmental planning, transportation planning, social and cultural planning. AECOM was able to conduct a
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How NYDC Develops New Yangon City Sustainably
For the scoping of the environmental study perimeter for New Yangon City project, the NYDC team has conducted several discussions with relevant specialists and officers from the Ministry of Natural Resources and Environmental Conservation (MONREC) – Environmental Conservation Department (ECD)
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Addressing Key Public Concerns on New Yangon City
We had the second Townhall Meeting on 6 March 2019. Some of you may have attended in person, some may have watched it on our NYDC Facebook Live Stream. It was a robust discussion and I am glad it was because
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New Yangon City Phase 1 Infrastructure Projects: Status of EOI Submission
On 11 February 2019, we had invited interested companies to submit EOI to begin the first step of the NYDC Challenge for the below infrastructure projects. These projects are part of the development of New Yangon City Phase 1. The
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Town Hall – 6 March, 2019
It has been nearly nine months since the first Town Hall Meeting held by the New Yangon Development Company Ltd in June 2018. Many changes and news have happened since and much progress has been made. To keep our stakeholders,
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A Closer Look at the Facts of the Project
Since the final Master Plan presentation at the YCDC City Hall on 15 February 2019, several articles and editorials have appeared in the local press and social media. While many of them supported the project and applauded the progress that
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Development of an Environment and Social Management Framework
The New Yangon City team has kick-started the Strategic Environmental Assessment (SEA) and Environmental Impact Assessment (EIA) for the Development of the New Yangon City Project Master Plan. This is in collaboration with the consultant Environmental Resources Management (ERM), the
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NYDC Challenge Takes First Step; List of Infrastructure Projects Open to Public
NYDC is inviting interested companies to begin the first step of the NYDC Challenge for the below infrastructure projects for development of the New Yangon City Phase 1. 1) Power Supply and Distribution 2) Public Transport System 3) Cyber Connectivity
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Milestones to celebrate, and First Stop: Invest Myanmar Summit 2019
A Happy New Year to all and I hope you are having a good start to 2019. We ended 2018 with a very important milestone in the life and work of NYDC. We presented the first version of the master
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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
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Rationale for the New Yangon City
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")
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Laying the Foundation to Attract Businesses
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
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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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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
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In the Business of Promoting Business
There have been numerous questions and comments on social media and the news media questioning why the Yangon Regional Government is going into business by setting up a wholly-owned company
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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
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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
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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
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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
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Consultations with the Myanmar Engineering Council, Myanmar Engineering Society, Myanmar Architect Council, Association of Myanmar Architects & other learned stakeholders.
Over the weekend, NYDC organised a special Roundtable meeting with members of the Myanmar Engineering Council, Myanmar Engineering Society, Myanmar Architect Council, the Association of Myanmar Architects and various other learned stakeholders at the function hall of the MES. Our
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NYDC – Making Steady Progress; SEMP ,Urban Master Planning
We have been quiet, but that doesn’t mean we have not been busy. August has been a hectic month as we plough through documents and conduct various negotiations and discussions.
Here I’m happy to update you on a few key things.
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Gathering the Voices of Experts
Planning a city from scratch is a bit like having a clean sheet of paper to draw on – it could be daunting, while at the same time, exhilarating. It has been done before, all over the world. We see
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Orchestrating and fine tuning Phase 1
I’ve noticed that lately the debate between developing ‘wasteful white elephant’ buildings versus the inclusion of shiny skyscrapers and luxury housing in the New Yangon City has been a keen focus for commentators, social media bloggers and the public. Therefore,
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The First of Many Town Halls
Last Saturday we held our first NYDC town hall meeting. More than 600 attendees and close to 1,000 viewers joining us via Facebook Live, and there were nearly 25,000 views after the event. It is heartwarming to see the level
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The Importance of Town Hall Meetings
Since the launch of the New Yangon Development Company (NYDC) in March this year, questions have been raised about the project in the press and social media. It is very encouraging to see the level of interest in this project,
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Recent Investors Concerned About Reliability of Contracts Signed with Governments
The dramatic political winds of change that swept across Malaysia last month were a reminder of the inherent political risk for any investments. Such risk may be amplified when the new government does not uphold the decisions of the previous
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Delivering a Competitive and Equitable Rate of Return
Frontier markets are high-growth, but are also among the smallest, least mature and least liquid economies. These markets are not developed enough to enter the ’emerging’ stage but are growing rapidly and attracting ambitious investors.
However, the economic and political fragility
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