Approval has been granted for the construction of a yacht jetty on Bago River and a Smart City, with 6,000 apartments, at Shu Khinn Thar in Thakayta Township of Yangon Region.
The projects were introduced at a ceremony held at the jetty hall on Monday evening.
“We have already granted permission for the construction of the yacht jetty. Construction will begin very soon. The jetty will berth sailboats as well as ships,” said Ko Ti Ti, the head of the Emerald Bay Urban Planning Project.
Emerald Bay will be the first Eco Smart City with a sailboat jetty in Yangon Region. A Yacht Club will be established to develop the best living community by celebrating the river festival.
“We canvassed many sites in Yangon Region to implement the project. Now, we have found a site, with a wide expanse of land. The site is also close to Yangon as well as to the Thilawa Special Economic Zone. So, we believe that it will be the most beautiful and developed place in Yangon Region,” said the investment director of the project.
As part of the project, eleven 32-storied buildings will be constructed on 27 acres of land within five-and-a-half years. The first phase of the project will begin in March, 2021. The project will have over 6,000 apartments, with parking capacity for 7,200 cars.
The urban planning project is being implemented by the Yangon Golden Paragon Investment Company for six months now. Currently, the project is 25 per cent complete.
— Myint Maung Soe
(Translated by Hay Mar)