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Read Next Story 1. Home 2. » Business 3. » Massive township development set to proceed
Massive township development set to proceed Massive township development set to proceed
Htet Shine 31 Jan 2019 Massive township development set to proceed
The massive New Mandalay Resort City (NMRC) integrated township project is set to move forward on a 4000 hectare site off the Mandalay-Lashio highway in Mandalay Region’s Pyin Oo Lwin district.
According to the Ministry of Construction,three developers will cooperate on the project that will see urban and infrastructure consulting firm Surbana Jurong International Consultants Co Ltd serving as the overall consultants for the development.
Surbana Jurong has previously worked on the iLand Industrial Park in Bago Region, Polo Club Residence in Yangon, the Ayeyarwun and Yadana housing projects in Dagon Seikkan, Yangon Aquarium as well as Golden Valley Residences.
The feasibility study for the Mandalay project which took about seven months was carried out under the supervision of the Ministry of Construction, said Minister of Construction U Han Zaw.
Khin Myanmar Development Co Ltd, Central Irrawaddy Development Co Ltd, and Shwe Taung Development Co Ltd will be the three developers working on the project.
As the project falls under the Myanmar Sustainable Development Plan, other government ministries will be involved in the setting of policies to ensure the project’s success, which is expected to bring benefits to the region, the country, investors and ordinary people, said U Han Zaw.
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Read Next Story This project is divided into three sections. Sections 1 and 3, covering 2800 hectares, will be implemented at the union level, while Section 2, with 1200 hectares, will fall under the purview of the regional government, according to the Ministry of Construction.
Section 1 of the project will feature zones for industry, residential living, education and health services.
Section 2 will feature residential land, and mixed-development, administrative, economic, agriculture, and industrial zones.
Section 3 will feature luxury and affordable housing, a golf course, and an agriculture zone with an agricultural park.
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