Green Light For Myanmar Development

• Proeksa Meas
• 3 October 2017
• Construction Focus
• 4759 Views

The Myanmar government has given the green light for a huge mixed-use development in Bago Region between Yangon and Mandalay.

The USD184 million project being developed by Hantharwady Development Public Company will feature housing and an industrial park set on different sites. The residential area will be developed over 100 hectares with the industrial park spread over more than 900 hectares.

Situated between the two sites, the same company is developing an enormous eco-resort across almost 1000 hectares.

The whole project aims to attract direct foreign investment and include plans to develop the required infrastructure. The Japanese government is also expected to fund an airport to be completed by 2022.