• Burmese
Tuesday, June 17, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
30 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home News Burma

Development Co to Build New City West of Yangon River 

Myo Pa Pa San by Myo Pa Pa San
April 2, 2018
in Burma
Reading Time: 2 mins read
0 0
A A
The launching ceremony of the NYDC. / Shwe Lay / The Irrawaddy

The launching ceremony of the NYDC. / Shwe Lay / The Irrawaddy

8.2k
VIEWS
Share on FacebookShare on Twitter

YANGON — The Yangon regional government has formed the New Yangon Development Co Ltd (NYDC) to build a new city west of the Yangon River that it said will be twice the size of Singapore.

U Phyo Min Thein, the Yangon chief minister, introduced the company at The Lotte Hotel in Yangon on Saturday.

The company is fully owned and managed by the Yangon government, said U Phyo Min Thein. “The regional government will take responsibility for the project in order to reduce red tape,” he said.

RelatedPosts

Paranoid Junta Turns to Foreign Expertise After 4 Years of Chaos; and More

Paranoid Junta Turns to Foreign Expertise After 4 Years of Chaos; and More

May 10, 2025
1.6k
Naypyitaw Parliament Crumbles as Myanmar Junta’s Grand Ambitions Collapse 

Naypyitaw Parliament Crumbles as Myanmar Junta’s Grand Ambitions Collapse 

April 24, 2025
1.4k
Plundering Paradise: China’s Role in Myanmar’s Environmental Crisis

Plundering Paradise: China’s Role in Myanmar’s Environmental Crisis

January 24, 2025
1.7k

“The area west of the Yangon River is less developed, and we’ll strive to develop it with this project. We will industrialize the area and create job opportunities,” he added.

Yangon regional chief minister U Phyo Min Thein speaks at the launching ceremony of the NYDC on March 31. /Shwe Lay/The Irrawaddy

The main aim of the project is to provide around two million jobs, he said. The NYDC was established with capital of 10 billion kyats (US$7.5 million) from the development funds allotted by the Union government to regional and state governments, said chairperson of the NYDC and Yangon regional minister for electricity, industry and transportation Daw Nilar Kyaw.

The regional government will also invite private investment in the project. “The infrastructural construction, which is the first phase of the new town project, will cost more than $1.5 billion,” said Serge Pun, the chief executive officer of the NYDC.

Serge Pun is a Myanmar businessman of Myanmar-Chinese descent, and is the chairman of Serge Pun & Associates Group (SPA Group), a multinational real estate firm, and Yoma Bank, a Myanmar-based bank.

“While I am serving as the CEO of NYDC, I and companies under my control will not bid for construction work in the new city project,” said Serge Pun.

The launching ceremony of the NYDC. /Shwe Lay/The Irrawaddy

The infrastructure project will include two bridges, roads, an industrial zone, a power plant, power stations, and water and sewage treatment plants, according to NYDC.

Yangon, the commercial capital of Myanmar, generates 19.3 trillion kyats, which is 26 percent of national GDP, according to the Yangon regional government.

“As the city’s population is expected to reach 10 million in the next 10 years, there is an urgent need to supply adequate housings, jobs, infrastructure, potable water and electricity,” said U Phyo Min Thein.

The new city will be modeled after China’ Shenzhen and Malaysia’s Iskandar, said Serge Pun. According to the previous southwest city expansion plan, the new city would cover some 30,000 acres on the west side of the Yangon River, including land in Kyimyindaing, Seikgyikanaungto and Twante townships.

YNDC will later announce the timeframe of the project and tender for construction works, said Daw Nilar Kyaw.

Translated from Burmese by Thet Ko Ko.

Your Thoughts …
Tags: Development
Myo Pa Pa San

Myo Pa Pa San

The Irrawaddy

Similar Picks:

It’s Time to Engage The Resistance Govt in Myanmar’s Rakhine
Guest Column

It’s Time to Engage The Resistance Govt in Myanmar’s Rakhine

by Mra Thida
March 29, 2024
2.8k

The junta’s loss of control over much of Myanmar’s westernmost state has made the United League of Arakan the most...

Read moreDetails
Plundering Paradise: China’s Role in Myanmar’s Environmental Crisis
Guest Column

Plundering Paradise: China’s Role in Myanmar’s Environmental Crisis

by Vaishali Basu Sharma
January 24, 2025
1.7k

China’s aggressive resource extraction in Myanmar is leaving a trail of environmental destruction and debt dependency in its wake, warns...

Read moreDetails
Paranoid Junta Turns to Foreign Expertise After 4 Years of Chaos; and More
Junta Watch

Paranoid Junta Turns to Foreign Expertise After 4 Years of Chaos; and More

by The Irrawaddy
May 10, 2025
1.6k

Also this week, regime boss Min Aung Hlaing joined his main allies in Moscow as his regime bombed resistance-held territory...

Read moreDetails
Myanmar Power Shortage Leaves Millions at Mercy of Searing Summer
Features

Myanmar Power Shortage Leaves Millions at Mercy of Searing Summer

by Yuzana
May 8, 2023
6.8k

Electricity and water outages menace households and entrepreneurs as country slides further into chaos under military rule.    

Read moreDetails
Naypyitaw Parliament Crumbles as Myanmar Junta’s Grand Ambitions Collapse 
Burma

Naypyitaw Parliament Crumbles as Myanmar Junta’s Grand Ambitions Collapse 

by Lin Thurein Kyaw
April 24, 2025
1.4k

Built by regime cronies just two decades ago as a monument to military rule, the Parliament complex failed to withstand...

Read moreDetails
Is STEM-Based Higher Education Currently Out of Reach For Myanmar Refugees?
Guest Column

Is STEM-Based Higher Education Currently Out of Reach For Myanmar Refugees?

by Hope Akhtar and Dr. Sheraz Akhtar
July 30, 2024
1.3k

Refugee students are eager to pursue higher education focused on science, technology, engineering and mathematics. Expanding access to it will...

Read moreDetails
Load More
Next Post
The Anti-Corruption Commission met the press on March 31. / Moe Moe / The Irrawaddy

Anti-Corruption Commissions Receives 1,700 Complaints in 3 Months

Chef Ko Orng preparing a meal at Orng Kitchen. / Htet Wai / The Irrawaddy

French Fine Dining Combined With Local Ingredients

No Result
View All Result

Recommended

Is TNLA, Under Chinese Pressure, Conceding Northern Shan Gateway to the Regime?

Is TNLA, Under Chinese Pressure, Conceding Northern Shan Gateway to the Regime?

4 days ago
1.2k
How the Myanmar Military’s Propaganda Efforts Have Evolved Over the Decades

How the Myanmar Military’s Propaganda Efforts Have Evolved Over the Decades

6 days ago
1.2k

Most Read

  • Myanmar Junta Attacks to Reclaim KIA’s Jade and Rare Earth Strongholds

    Myanmar Junta Attacks to Reclaim KIA’s Jade and Rare Earth Strongholds

    shares
    Share 0 Tweet 0
  • China is Systematically Dismantling Tibetan Monastic Traditions

    shares
    Share 0 Tweet 0
  • China’s Bet on Myanmar Junta Risks Backfiring

    shares
    Share 0 Tweet 0
  • Defusing the Thai-Cambodian Border Row

    shares
    Share 0 Tweet 0
  • Sagaing Region Braced for Myanmar Junta Airstrikes After Jet Crash

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.