The Ministry of Construction held the coordination meeting of the Steering Committee for the “10,000-unit Public Housing Project” to provide employment opportunities and livelihoods to low-income people through the construction sector under the COVID-19 Economic Relief Plan yesterday morning in Nay Pyi Taw in accordance with the COVID-19 prevention guidelines.
The 10,000-unit Public Housing Project was first proposed by the Ministry of Construction in July 2020 and it was approved to implement in August 2020. The project is currently being implemented in Yangon, Mandalay and Nay Pyi Taw with the first capital investment by private business associations and the government is planning to implement it with a system of repayment from an annual fund.
The State Administration Council has reformed the Committee on 25 February and approved the project implementation to be completed in a short period of time with the quality standards by funding and coordinating the business requirement.
The meeting aimed to explain the status of the project to the new committee members and discuss the implementation for 4,992 rooms which were left to complete as Phase (2) with responsible persons from the private business association. Phase (1) of the project is the construction of 5,008 rooms.
Union Minister for Construction U Shwe Lay said additional funding for the project is planned for the 2021-2022 fiscal year and it is necessary for Nay Pyi Taw Council, the Yangon Region Administration Council and the Mandalay Region Administration Council to provide funding requirements for infrastructure (water/electricity/roads) and support the business needs.
He called for an open discussion on project needs, aiming to create jobs and cash flow through the construction sector, which is the original goal of the project.
Officials from the private business associations discussed the implementation of construction projects, business and financial matters respectively. Deputy Minister for Planning, Finance and Industry suggested systematic adherence to public financial management regulations (2017) in carrying out project activities.
The project to build 10,000 units for public rental housing project has been implemented in Nay Pyi Taw, Yangon and Mandalay and there will be a total of 704 units and 44 buildings Dekkhinathiri Township, Nay Pyi Taw; 6,288 units and 393 buildings in Dagon Myothit (South and 3008 units and 188 buildings in Patheingyi Township in Mandalay Region. The first phase of 5008 units is expected to be completed by September 2021. —MNA