The Yangon government disclosed a plan yesterday to establish special economic zones in the southern district of the Yangon Region.
Daw Nilar Kyaw, Yangon Region Minister for Electric, Industry and Road Transportation, said in her answer to a question raised by an MP at the Yangon Region Parliament yesterday that the government would implement not only special economic zones but also a seaport and a new international airport on 60,000 hectares in southern Yangon. “Not only agricultural zones and small-scale industry zones but also special economic zones will be established in the area covering Dalla, Letkhokekon, Twantay, Kungyangon and Kawhmu townships in southern Yangon,” said Daw Nilar Kyaw.
Currently, the government is working together with international organisations and experts to draw up a master plan, she added.
The master plan to be drawn up by several organisations would be reviewed by experts in January and would then be submitted to the parliament in March.
The Yangon Region Government is also working on the Yangon New City Project on 7,284 hectares adjacent to Twantay, Kyimyidine and Seikyi Khanaungto townships on the other side of Yangon River. The Yangon Region Government will closely supervise the implementation of the project to prevent highly rising land prices.
The new city project, which includes housing and factories, is intended for the increasing population of Yangon Region, which currently has a population of more than 6 million.