Lanthit Housing Project for urban development in Yangon launches

Union Minister U Han Zaw (left) and Yangon Region Chief Minister U Phyo Min Thein (Right) launch the work on construction of  Lanthit  Housing Project in Yangon yesterday. Photo: MNA
Union Minister U Han Zaw (left) and Yangon Region Chief Minister U Phyo Min Thein (Right) launch the work on construction of Lanthit Housing Project in Yangon yesterday. Photo: MNA

A ceremony to launch Lanthit Housing Development Project by the Department of Urban and Housing Development and Say Paing Development Ltd, was held in the project area between Bogyoke Aung San Road and Anawratha Road in Yangon yesterday.
Union Minister for Construction U Han Zaw delivered a speech at the ceremony, where he said the project will fulfill the basic housing requirements for the public.
He noted that the ministry is cooperating with the private sector to build modern housing residences and increase home ownership in Yangon, Mandalay and throughout the entire country.
He also said this project is a practical implementation of the public-private partnership model, adding that the process for selecting the developer from the private sector was conducted with transparency and followed national policy.
Additionally, Yangon Region Chief Minister U Phyo Min Thein said they have designed a master plan for the entire Yangon City urban development projects, noting that the development project needs to preserve cultural heritages, avoid damaging the environment and achieve international recognition for its industrial zones.
The housing development project in Yangon is being developed within the 4.7 acre plot of land located between Bogyoke Aung San Road and Anawratha Road.
The project involves 4 main phases and includes two 25-story buildings, twenty-eight 6-story shop houses, a bus interchange and taxi stand. It will also feature a roofed pavement along the Kyone Gyi canal path. —MNA (Translated by Zaw Htet Oo)

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