August 20, 2016

President calls for affordable housing to meet surging demand

President U Thein Sein inspects factory in Thilawa Special Economic Zone near Yangon.
President U Thein Sein inspects factory in Thilawa Special Economic Zone near Yangon.

The government is devising strategies to develop Yangon grow as a city sustainably, and this will necessarily include high-rise construction projects, President U Thein Sein said during an inspection tour of Ayeyarwun-Yadana Housing Project and Thilawa Special Economic Zone yesterday.
The housing project will be able to accommodate over 300,000 people, which will offer some relief to Yangon’s housing shortage. The project includes more than 16,000 apartments and covers 220 acres of land. Construction began in April 2013.
The president was accompanied by Union Ministers Lt-Gen Kyaw Swe, U Soe Thane, U Ohn Myint, U Khin Maung Soe and U Kyaw Lwin, Chief Minister of Yangon Region U Myint Swe and Yangon Mayor U Hla Myint.
During the visit to the housing project, union ministers and Deputy Minister for Construction U Soe Tint briefed the president on its project and the collaboration with private firms.
The president said that urban development requires a city to expand vertically due to a lack of space, and called on authorities to prioritise high-rise building projects to ensure adequate accommodation supplies for the city’s growing population. He also stressed the importance of providing basic amenities such as reliable water and electricity supplies, and catering to all income brackets.  The president and party then visited Thilawa SEZ and
observed a training course
being carried out a garment factory, as well as a factory manufacturing radiators and a one-stop service centre.
Chairman U Set Aung of Thilawa SEZ briefed the president on progress to date of the SEZ, whose first phase opened last month. A total of 47 companies from 13 countries have invested in the country’s first operational SEZ.


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