At a meeting with journalists from China and Southeast Asia earlier this year, the company stated that job creation was the main reason for building the new city. The project includes a logistics component that will connect the new city with nearby cities, to ensure land prices do not drop after the new city is completed. Known as the New Yangon City project, it is an element of the China-Myanmar Economic Corridor (CMEC), which is a part of China’s Belt and Road Initiative (BRI). develop another 11 new industrial parks across the Yangon Region. The concept of a ‘smart city’ is worth considering, and making it as the foundation in the development of the new city is the right way to go. New Yangon City Phase I project employs a pioneering resettlement model and process in Myanmar; first of its kind in the country. New Yangon City (NYC) is a 20,000 acre development to the west of Central Yangon across from Kyee Myin Daing. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. We do not encourage viewing this site in this width. Yangon will become a megacity with over 10 million residents within the next decade, so the city’s administration plans to remodel the current new city project plan into a new one to suit the growing population density, she said. The 2,400 sq.ft. The winning bidder, if it is not CCCC, will need to pay a reimbursement to the Chinese firm for costs incurred. The modification of the Yangon New City project also reflects the desire of the Myanmar authorities to open up the BRI projects and to be more transparent. 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. Under the process, the initial development proposal drawn up by the Beijing-based China Communications Construction Co. Ltd. (CCCC), the biggest builders in the BRI, will be made public to allow firms to offer better terms. The new Yangon city project will be helping China to expand its commercial and economic influence deep into Myanmar’s heartland, analysts say. Belt & Road News-February 20, 2019. However, the project has been a source of controversy due to its flood-prone location as well as CCCC’s involvement. Investment minister U Thaung Tun said Myanmar decided to begin the project with the industrial zone to ensure the project’s commercial viability and to create jobs to mitigate the economic impact of COVID-19. As well as Yangon New City, other projects continue to attract other Asian investors. The New Yangon City Project: An Urban Planner’s View. The planned area for New Yangon City. Sa densité démographique demeure importante, même si elle a connu le déplacement de population vers la périphérie, par la force au cours de l’histoire mais aussi en raison de l’augmentation des prix du logement. Get up-to-date project details, participants and contacts and latest news on ZAWYA - MENA Edition The Government of Myanmar yesterday announced the awarding of a contract to Roland Berger Co. Ltd., for end-to-end for consulting services to finalize a Swiss Challenge tendering process for the recently announced New Industrial Park and Essential Ancillary Infrastructure as part of an unbundled New Development Area of Yangon City project. By SITHU AUNG MYINT | FRONTIER. He went on to say that the government would speed up the development of Yangon's new city, to complement the rapid growth of the existing commercial hub. The New Yangon City project’s developer says it has submitted the EIA reports covering five project proposals to the authorities. YANGON — Myanmar says it has received 16 proposals from nine countries, including Japan, Singapore, Italy, Spain and France, to compete against a Chinese company’s proposal for the New Yangon City project, which is part of China’s Belt and Road Initiative (BRI). The Yangon City Development Committee has issued a tender for the development of an industrial park in the New Yangon City Development project. Source: New Yangon Development Company. 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I am encouraged by a couple of events that occurred recently. Projects to be developed are expected to contribute to Myanmar’s continued sustainable development, creating new quality employment opportunities, including within the country’s rapidly expanding manufacturing sector that has proven resilient despite challenges posed by COVID-19. The project needs to submit to the regional parliament as well as the union parliament. A pet project of Yangon Region Chief Minister U Phyo Min Thein, the “new city” scheme was launched in March 2018 and covers an area twice the size of Singapore with a target of US$1.5 billion (K2.83 trillion) investment. The Yangon regional government-owned New Yangon Development Company and CCCC signed an agreement in 2018 under which the Chinese firm was to draw up a proposal for the first phase of the project worth US$1.5 billion (1.95 trillion kyats). The event was attended by the Myanmar Swiss Challenge Tender Committee chaired by U Kyaw Myo, Deputy Minister, Ministry of Transport and Communication, with Dr U Set Aung, Deputy Minister, Ministry of Planning, Finance and Industry, U Bharat Singh, Deputy Minister, Ministry of Investment and Foreign Economic Relations, and U Ye Min Oo, Minister for Planning and Finance, Yangon Region Government serving as members, and Daw Hlaing Maw Oo, Secretary, Yangon City Development Committee serving as Secretary.—MNA, The Central Bank of Myanmar (CBM) updated this rates on MMT February 16, 2021 - Tuesday 2:30 PM. New Yangon City project is also important geologically and politically for the country and it should be discussed in the parliament as it will be encroached on the sovereignty of Myanmar. Yangon Heritage Strategy Implementation Project PP-21. We are taking the first steps toward the realization of our vision of a new modern city on the other side of the Yangon River. Key projects to be developed will include an industrial park, low-cost housing estates, water supply and sanitation systems, waste management and other essential infrastructure. A view of Yangon with Shwedagon Pagoda in the background on Sept. 23, 2015. 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). / Invest Myanmar Summit, Nan Lwin is Senior Reporter at the English edition of The Irrawaddy. New Yangon City Project: China, CCCC and Myanmar’s Profits. km). The Irrawaddy made several unsuccessful attempts to speak to the Yangon regional planning and finance minister, U Ye Min Oo, who is also a member of the tender committee. The industrial zone forms a core part of the new city project launched by the regional government in March 2018, with a target of US$1.5 billion (K2.83 trillion) investment and with the first phase covering 88.30 square kilometres of land on the western bank of the Yangon River. New Yangon City Project: China, CCCC and Myanmar’s profits 1 If we were to take a look back at the New Yangon City Development Master Plan (hereinafter referred to as the Yangon City Project), one will find that it is directly linked to China’s mega-infrastructure project that is the One Belt One Road (OBOR). The committee said CCCC has 45 working days to match the winning challenger. / Reuters. However, the project has been a source of controversy due to its flood-prone location, corruption and bribery accusations against CCCC involving development deals in at least 10 African and Asian countries. 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The proposed project includes public works and infrastructure construction, such as a Yangon River bridge, roads, resettlement, an industrial park, water treatment, sewerage, a power plant and commercial and residential land. Source: Myanmar Times . The government on Oct.15 called for EOIs to compete in an open “Swiss challenge” tender process overseen by German consulting firm Roland Berger. Mega projects from China could result in heavy debt burdens for the Myanmar government and also undermine Myanmar’s economic sovereignty, they said. km). In July, Myanmar decided to reduce the cut the budget to $800 million (1 trillion kyats) by reducing the project’s size to encourage other firms to bid for a contract. Education System Strengthening Project PP-24. Copyright © 2020. La superficie de Yangon va continuer à augmenter puisque les autorités régionales souhaitent bâtir le New Yangon City Project, une ville nouvelle. The Yangon regional government-backed New Yangon … In keeping with the times and the need to create more quality jobs to mitigate the adverse effects of the COVID-19 pandemic on the country’s economy, we have decided to focus first on the setting-up of the industrial zone. By. If we were to take a look back at the New Yangon City Development Master Plan (hereinafter referred to as the Yangon City Project), one will find that it is directly linked to China’s mega-infrastructure project that is the One Belt One Road (OBOR). The unbundling of the development project, while safeguarding its commercial viability, will ensure that international global best practice is adhered to, including through open international competitive tendering.” Roland Berger is a leading global consultancy firm, whose work in Myanmar has included advising on crucial economic reforms, including telecoms and banking liberalization, infrastructure development, and state-owned enterprise reform since establishing a permanent presence in Yangon in 2012. Urban Poor Assistance Project Social Service PP-25. Facebook Twitter LinkedIn Pinterest 16 July 18 - In 1988, Yangon measured about 80 sq. Are Gender Stereotypes to Blame for Low Levels of Political Participation by Women in Myanmar? Can Young Female Candidates Gain a Foothold With Myanmar’s Voters? With the New Yangon City project, the government needs to learn the lessons of Myitsone and Kyaukphyu. The Irrawaddy's senior reporter, Copyright © 2016 Irrawaddy Publishing Group. On Saturday, the Ministry of Investment and Foreign Economic Relations said 16 consortiums submitted expressions of interest (EOI), some of which involve two companies in Myanmar, but it did not reveal the details. Upon announcing the winner, U Thaung Tun, Union Minister of Investment and Foreign Economic Relations stated: “Today we mark an important milestone. A pet project of Yangon Region Chief Minister U Phyo Min Thein, the “new city” scheme was launched in March 2018 and covers an area twice the size of Singapore with a target of US$1.5 billion (K2.83 trillion) investment. We are taking the first steps toward the realization of our vision of a new modern city on the other side of the Yangon River. He said the government will hold competitive, transparent international tendering. This tender will be in the form of a Swiss Challenge based on the initial agreement with China Communications Construction Company (CCCC). According to the project’s masterplan, the New Yangon City will be both livable and productive, able to support a 1.2 million population and create around two million jobs. In keeping with the times and the need to create more quality jobs to mitigate the adverse effects of the COVID-19 pandemic on the country’s economy, we have decided to focus first on the setting-up of the industrial zone. It also formed the tender committee with Roland Berger. plots allocated to farmland owners are from the 90 sq.km. Deadline for submission is 22 October 2020. The Land Settlement Committee of the New Yangon City Project has granted land plots in the new city area as compensation to owners of farmland requisitioned for the project. According to the latest census, there are 7.36 million inhabitants in Yangon. New Yangon City Project: China, CCCC and Myanmar’s Profits If we were to take a look back at the New Yangon City Development Master Plan (hereinafter referred to as the Yangon City Project), one will find that it is directly linked to China’s mega-infrastructure project that is the One Belt One Road (OBOR). All Rights Reserved. Barrier-free for Persons with disabilities (PwDs) Project PP-23. State Counselor Daw Aung San Suu Kyi attends the Invest Myanmar Summit in Naypyitaw in January 2019. New Yangon City Project - Phase I - Details. A Smarter Yangon The New Yangon City has the advantage of being developed from scratch in a location that is not yet fully developed. By Nan Lwin 26 October 2020 YANGON — Myanmar says it has received 16 proposals from nine countries, including Japan, Singapore, Italy, Spain and France, to compete against a Chinese company’s proposal for the New Yangon City project, which is … The information will include details on the industrial park, including the scope of infrastructure work, documents to be submitted and a timeframe for the tender process, according to the committee. ON JANUARY 12, the Chinese embassy in Yangon issued a statement that mentioned the US$.3.6 billion Myitsone dam project, suspended by the government since 2011, in a manner that aroused indignation in political circles and among the public. NYDC’s Role in Resettlement Process October 28, 2019 The land resettlement of the New Yangon City is the first major milestone task for NYDC. The first phase of the project will use 20,000 acres of land on the western bank of the Yangon River and is estimated to cost more than $1.5 billion. NYC is phase 1 of a broader development vision that will stretch down to the Yangon Special Economic Zone (Yangon SEZ) and the Deep Sea Port at Elephant Point on the Gulf of Martaban. The Swiss Challenge Tender Committee for New Yangon City overseeing the bidding said the shortlisted applicants will receive information within seven working days after the deadline for EOI submissions. The project is being executed by the New Yangon Development Company (NYDC), which is wholly owned by the Yangon regional government. To see the original article click link here. Consultancy services will cover the end-to-end preparation and execution of the Swiss Challenge process, including support for communicating the outcome of the process to external stakeholders as well as support to the negotiation, preparing, revising and signing of the concession agreement. All rights reserved by Global New Light Of Myanmar. The city has grown in the three decades since then and now covers more than 300 sq. New Parks Construction Project Housing & Cityscape Urban Development Management High in CBD Property Tax Low in Suburb PP-22. Monday, 16 July 2018 . 05 Aug, 2020, 10.32 AM IST After the Yangon mega city project where Beijing’s role has been minimised China funded Myitkyina Economic Development Zone (MEDZ) - part of BRI - in Myanmar's Kachin state has run into rough weather following reservations from both government and local residents in recent weeks, ET has reliably gathered. The 20,000-acre New Yangon City project is expected to be twice the size of Singapore and is one of the projects under China’s ambitious Belt and Road Initiative (BRI). miles (777 sq. Phase One public works include: Power Supply and Distribution; Public Transport System; Cyber Connectivity Infrastructure New Yangon City Project Receives Positive Reception From Investors. Phase One. Yangon Region Chief Minister Phyo Min Thein has revealed he expects the new Yangon City Project will attract new investments from international players over the next few years. The CMEC will connect Yunnan province in China to Mandalay in central Myanmar, Yangon New City in the south and the Kyaukphyu Special Economic Zone in the west.
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