Myanmar Times | The developer of the New Yangon City project says it has submitted the environmental impact assessment (EIA) reports covering five project proposals to the authorities.
EIA reports for five proposals involving bridges, power, industrial estates, freshwater supply and wastewater treatment are completed, and so is the initial environmental examination report for road projects, said New Yangon Development Company on June 22. It is a company wholly-owned by the Yangon Region government.
Launched by the regional government in March 2018, the new city project covers an area twice the size of Singapore with a target of US$1.5 billion (K2.83 trillion) investment. The first phase involves 88.30 square kilometres which encompasses land on the western bank of the Yangon River.
The developer subsequently signed an agreement with China Communications Construction Company (CCCC) to prepare detailed PPD for two bridges, roads, power plants, water and wastewater treatment plants and a 10-square-kilometre industrial estate. It came under fire for doing so without calling a tender. The body said this was to “avoid wasting time” and it would carry out an NYDC Challenge instead.
The first phase of the development is expected to amount to more than US$1.5 billion of infrastructure investments.
The environmental reports are submitted to the Environmental Conservation Department (ECD) under the Ministry of Natural Resources and Environmental Conservation. If approved, the ECD will issue Environmental Compliance Certificates.
Recently, the developer’s CEO Serge Pun, known locally as U Theim Wai, said via his official Facebook that the new city’s implementation will not be changed by the COVID-19 pandemic.
The developer has been working on resettlement programmes since late 2019, which was paused until this month owing to the global health crisis.