Yangon New City Project
The proposed area includes 4,745 hectares (11,730 acres) between the Hlaingthaya-Twante motorway and Seikkyi Kanaungto Township. Phase 1, slated for completion by 2020, will include the construction of five villages and townships, two bridges, 26 kilometres (16 mi) main roads, industrial zones, power plants, power distribution facilities and water and sewage treatment plants. Phase 2 will encompass development projects from Dala Township to the Gulf of Martaban. The land is located in a flood-prone area, due to its low-lying elevation, with a maximum elevation of 5 metres (16 ft), vulnerable to cyclonic surges like Cyclone Nargis. The slated areas were previously excluded from development consideration in the 1980s and 1990s by the Ministry of Construction for this reason.
The Yangon Region government incorporated a company, the New Yangon Development Company Limited (NYDC), under the Special Companies Act in 31 March 2018 to undertake this development project as a public–private partnership. The Yangon Region government has contributed 10 billion MMK (approximately $6.5 million USD) as initial capital toward the company. In April 2018, the NYDC signed a USD $1.5 billion framework agreement with the Chinese-owned China Communications Construction Company (CCCC) to build the new city's infrastructure, in exchange for CCCC's right to use of 28 square kilometres (11 sq mi) in the city.
The project has been criticised lack of transparency. In August 2014, Yangon Chief Minister Myint Swe (general), launched a project to develop a US$8 billion, 30,000-acre new city west of Yangon. The project was controversially awarded to an unknown firm, Myanmar Saytanar Myothit Public Company, without a public tender. The project was later tabled due to public anger over controversial ties between the firm and Myint Swe.
The project was later put out to tender, and in January 2016 three companies were chosen to implement a smaller version of the new city project, spread over almost 12,000 acres.
The Yangon Region Parliament previously suspended the proposal. The land prices in neighbouring areas Dala, Twante and Seikkyi Kanaungto had skyrocketed. After 10 months of suspension, it was later approved in June 2015. The project include five river-crossing bridges and city infrastructures. The project is not part of the Master Plan proposed earlier by JICA for the development of Yangon City. The preliminary works for Bargayar Aletchaung bridge, one of the five proposed river-crossing bridges, was carried out in March 2016 and so far Yangon South West Development Public, Business Capital City Development Ltd and Shwe Popa International Construction are working in the project.
After months of speculation, Yangon Region Chief Minister Phyo Min Thein announced that the project would resume at the end of February 2017. CCCC, which has negotiated a framework agreement with YCDC for developing the project, was sanctioned by the World Bank between 2009 and 2017 for fraud and corruption infractions.
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- "Myanmar go-ahead to three firms for all-new Yangon city project".
- "ရန္ကုန္ျမိဳ႕သစ္ စီမံကိန္းတြင္ပါဝင္မယ့္ တံတားငါးစင္းအနက္ ပထမဆံုးတံတားကုိ စတင္ေဆာက္လုပ္ဖုိ႕ျပင္ဆင္ေန".
- "Real estate rush in Twante township".
- "Multi-Billion Dollar Rangoon Southwest Expansion Set to Begin".