Yangon Region Minister for Forestry and Energy Kyaw Soe yesterday denied a rumour that the regional government granted a permit for the Yangon New City Project to Myanmar Saytanar Myothit Public Company.
“We have not given the green light to any company. It is under scrutiny. The rumour is untrue,” he said.
Many areas in the western part of Yangon, between the Panhlaing River and Twante Canal and between the Hlaing River and Hlaingthayar-Twante Motorway have already been set aside for the project. Moreover, the Yangon New City Project will include land plots across the river from Kyeemyindaing Township and in Twante Township.
The regional government opened a tender for the Yangon New City Project on 12 January, 2015. Only three of more than 50 companies that requested tender forms ended up submitting applications. Those companies are Yangon South West Development Public Company, Business Capital City Development Ltd and Shwe Pobba International Construction Co Ltd, a subsidiary of Shwe Than Lwin Co. (Courtesy of Eleven Myanmar)
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