February 18, 2019


South Korean car maker opens first assembly plant in Myanmar

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As the government is pushing for car companies to assemble their vehicles in Myanmar, more international companies are setting up assembly plants in the country.

Among the latest is South Korea’s Hyundai. The company launched its plant and its first semi-knocked-down (SKD) model on February.

 The local arm of Hyundai, Shwe Daehan Motorcar Assembly Co, will be the entity responsible for assembling Hyundai vehicles locally. International KLM Co is the authorised importer and dealer for Hyundai and has been operating since 2014. Now, KLM will also distribute locally assembled Hyundai cars from the Shwe Daehan factory.

The factory is situated in the Thardukan industrial zone of Shwe Pyi Thar Township and employs nearly 200 local workers.

Source: Myanmar Times

Crop drying plant being built in Hopong for K1 billion

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A drying plant is being constructed for crops such as strawberry, mango, and pineapple from Hopong Township, Shan State, at a cost of K1 billion, according to the Ho Nam Company.

The factory is expected to be operational in March. A Denmark- based NGO has invested

K75 million for the drying plant, which will include a cold storage facility. Construction work on the factory began in May last year. The crop drying plant is being implemented by the Ho Nam Company, which was formed with 24 local farmers. The crop drying machine at the plant will dry up to 1.5 tons of crops in a single process.

Source: The Global New Light of Myanmar

Massive township development set to proceed

The massive New Mandalay Resort City (NMRC) integrated township project is set to move forward on a 4000 hectare site off the Mandalay-Lashio highway in Mandalay Region’s Pyin Oo Lwin district.

According to the Ministry of Construction,three developers will cooperate on the project that will see urban and infrastructure consulting firm Surbana Jurong International Consultants Co Ltd serving as the overall consultants for the development.

The feasibility study for the Mandalay project which took about seven months was carried out under the supervision of the Ministry of Construction.

This project is divided into three sections. Sections 1 and 3, covering 2800 hectares, will be implemented at the union level, while Section 2, with 1200 hectares, will fall under the purview of the regional government.

Section 1 of the project will feature zones for industry, residential living, education and health services.

Section 2 will feature residential land, and mixed-development, administrative, economic, agriculture, and industrial zones.

Section 3 will feature luxury and affordable housing, a golf course, and an agriculture zone with an agricultural park.

Source: Myanmar Times

Dam project may go ahead, but scale or location could change

Negotiations are underway to change the size, scale or location of the Myitsone dam project in Kachin State, U Thaung Tun, Minister of Investment and Foreign Economic Relations, told the media at the Myanmar Investment Summit in Nay Pyi Taw.

A special commission comprising of senior government officials has been formed to review the Myitsone dam project and will release a report on the matter.

The Myitsone project does not involve just the dam but includes various other projects. As such, officials are working on a solution, which could involve changing the size or location of the project to avoid adverse impact to local communities or the environment, U Thaung Tun said.

The project had been suspended during U Thein Sein’s administration and is currently still under review by the government.

Source: Myanmar Times

Yangon’s new city to start bidding process

The government body in charge of developing the new Yangon city project announced that it will commence the bidding process in mid-February.

Yangon’s regional government launched an ambitious new city project via a government-owned New Yangon Development Co (NYDC) last March. The scheme covers an area twice the size of Singapore with a target of US$1.5 billion (K2.83 trillion) investment for the first phase. Subsequently, the authorities – NYDC – signed an agreement with Chinese state-owned China Communications Construction Company (CCCC) in May 2018 to prepare a detailed infrastructure proposal.

Construction work includes a six-lane bridge on Hlaing river spamming from Kyeemyindaing township, Strand Road to the new city, a two-lane bridge parallel to the current Pan Hlaing Bridge, 26km long main roads, infrastructure of five resettled communities, infrastructure covering 10 sq km of industrial areas, a water treatment plant and wastewater treatment plant, water intake facility and water distribution pipelines, as well as power distribution and transmission facilities.

Source: Myanmar Times

Myanmar plans smart city in Thilawa SEZ

Japan has proposed drafting a master plan for the project, and the plan is expected to be finished within this year. The proposal came up during a workshop on Implementation of SEZs, organized jointly by the Myanmar Trade Promotion Department and the International Growth Center. The workshop was held on 17 January at Yangon’s Park Royal Hotel. The master plan will include implementation of a smart city project in the zone’s commercial areas, where the committee will build stores, schools and other necessary facilities. Currently, Zone-B is being implemented in the Thilawa SEZ in three phases. Since the establishment of Zone-A in 2016, the SEZ has received a lot of investment. Thus, Japan proposed drafting a master plan for 2,400 hectares in December, 2018. In addition, the committee will develop logistics centers and commercial centers in Zone-C and Zone-D in the future. The Thilawa SEZ is divided into two zones—free zone and promotion zone. The free zone mainly focuses on export-oriented manufacturing.

Source: Myanmar Times

After three years, regulations under Condominium Law firm up

The Ministry of Construction has announced the formation of a management committee to oversee the implementation of regulations under the Condominium Law 2016 and Condominium Rules 2017.

In the announcement on January 5, the ministry said the management committee will register new and existing property developments that meet the definitions of condominiums in the country and registration offices have been set up in 12 regions and states, including Nay Pyi Taw.

Source : Myanmar Times


State Counsellor attends Ground breaking ceremony of Myanmar-Korea Friendship Bridge (Dala)

Image result for State Counsellor attends Ground breaking ceremony of Myanmar-Korea Friendship Bridge (Dala)State Counsellor Aung San Suu Kyi attended the ground breaking ceremony of Myanmar-Korea Friendship Bridge (Dala) on December.

The construction of the bridge has begun and people from Korea will be constructing the bridge. The main construction will be undertaken by GS Engineering Construction Company.

Ministry of Construction of Myanmar will cooperate in construction. Local construction company Shwe Taung will be act as sub-constructor.

The project period will be 42 months and expected to  complete in 2022. The bridge is a type of Cable Stayed Bridge and it will be 6,144 ft long and will have a water clearance of 160 ft height and it can withstand 75 tons of loads upon completion.

Source: Eleven Myanmar

Exploratory oil well starts work in Myanaung

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Drilling of an exploratory well – Shwesitaw Well No 1 in IOR 7 Block in Myanaung, Hinthada District, Ayeyarwady, has started on November. Based on 3D seismic survey data, oil and gas prospects were found in the block which Shwesitaw Well No 1 will explore. The target depth of the well is 2450 metres.

Within the block, Myanma Oil and Gas Enterprise (MOGE) discovered the Shwepyitha oil field in 1967 and a total of 70 wells have been drilled. About 4 million barrels of oil and 92 billion cubic feet of gas have been so far produced from Shwepyitha oil field. The ceremony to begin drilling of Shwesitaw Well No 1 was attended by U Win Khaing, Minister for Electricity and Energy, dignitaries from the Ayeyarwady regional government and partner firms.

Source: The Mirror

First high-rise steel office tower to be complete in 2020

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Local property developer Mottama Holdings held a topping out ceremony for its project, M Tower, which is the first high-rise steel-structured office building in Myanmar.

More than 8000 tonnes of steel is being used to construct the 26-storey, 111-metre tall building, which will be fully complete by 2020, said U Yang Ho, chair of Mottama Holdings.

The 5A-grade office tower, which is being constructed using Japanese and Taiwanese technology, is located on Pyay Road in Yangon. The structure will be produced by Min Dhama Steel Structure Co Ltd (MDSS), which is a subsidiary of Mottama Holdings.

Indeed, Motamma Holdings actually has eight other major projects in the pipeline. Including M Tower, the properties are valued at a total of US$1 billion and expected to be all completed by 2022, according to the company’s announcement. The projects include residential apartments, office towers, shopping malls and public-recreation centres.

Source: Myanmar Times



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