Amarapura urban development plan to be released
THE Mandalay Business Capital City Development Company is planning to publicise its urban development project, according to its managing director U San Phone Tint.
The company will undertake the urban development project in Shankalay Kyun, located in Amarapura Township, Mandalay Region, said U San Phone Tint, adding that the project will follow the model of the urban development in other ASEAN countries.
The project includes the reclamation of fertile lands from swampy areas near the Ayeyawady River. The managing director pledged arrangements for better shelters for people residing in the villages in the project area.
“The [villagers] don’t have to leave their homes because they will be provided better homes in their original places,” he said.
The project area is reported to have absorbed croplands and marshlands, exclusive of existing farmlands. The company will have its information centres responsible for reimbursing compensation in exchange of plots of land after the completion of the project.
The urban development project will bring residential apartments, hospitals, hotels and shopping malls to over 2,000 acres of land, according to joint secretary U Thet Naing Tun of the Mandalay City Development Committee.
The Mandalay Business Capital Development Company entered an agreement with the Mandalay City Development Committee at the office of the Mandalay Region Government on 1 March.