Yangon City Development Committee (YCDC) ended 2018 with an important milestone according to Serge Pun, CEO of the New Yangon Development Committee (NYDC) says. They presented the first version of the master planning of the New Yangon City at a Visionary Workshop. The workshop was attended by Yangon Chief Minister U Phyo Min Thein, committee members from Yangon City Development Committee (YCDC), members of the Association of Myanmar Architects, and Myanmar Engineering Society, as well as various stakeholders of NYDC, and a few invited guests.

Similar reading: New Yangon City to be "job creation engine of the future" creating 2 million new jobs

During the workshop, YCDC consultant for the Master Plan, AECOM, presented the first draft version of the master planning of the city, which incorporated the study on Strategic Flood Risk Assessment, carried out by Royal Haskoning DHV, and the study on Traffic & Transport Planning conducted by Oriental Consultants.

"As you can appreciate this is an important step because this Master Plan will dictate what our New Yangon City will look like in the decades to come. It was indeed a lively discussion and we received many constructive advice from participants. The Yangon Chief Minister was also actively participating in answering questions which included flooding, water resource as well as the enhancement of ecological systems and the need for cities to provide recreational areas," says Serge Pun in his latest update to NYDC subscribers. 

"AECOM is working towards the finalisation of the Master Plan along with the other consultants and we should have the next version ready in a few weeks. Subsequently, we will be holding a Town Hall to reveal the final Master Plan for further consultations before it will be adopted. Parallel to the finalization of the Master Plan, we are working hard to prepare for the first NYDC Challenge on the initial infrastructure works which we hope will be ready by the middle of February."

Similar reading: Will the New Yangon City Project attract investment from international players?

The NYCD also plans to attend the Invest Myanmar Summit on 28 and 29 January 2019 at MICC-2 in Nay Pyi Taw.

"The New Yangon City team will be joining the Yangon Regional Government at the inaugural Invest Myanmar Summit (IMS) 2019 to be held in Nay Pyi Taw on 28 – 29 January 2019. Organized by the Myanmar Investment Commission, DICA and UMFCCI, the event is a collaboration between the Union Government of Myanmar, the Region States of Myanmar and the business community to create a platform for international and local investors to discover the investment potential of Myanmar. Over 120 regional and private business projects worth over USD$3 billion will be showcased at the event," says Serge.

"The New Yangon City project is one of the few projects that will be featured under the Yangon Regional Government projects. During the event, we will be explaining to investors the four key areas which we are looking for investments and for private sector collaboration: Public Transport, Municipal Waste, Convention Center, and Telecommunication."

For more information about the Summit click here.

Source: New Yangon Development Committee (NYDC) 

Similar to this:

New Yangon City to be "job creation engine of the future" creating 2 million new jobs

Will the New Yangon City Project attract investment from international players?

Myanmar needs to "step up efforts in narrowing infrastructure deficits" says Colliers