Yangon Region Parliament gives green light to seven modern housing projects

NATIONAL NEWS

Yangon, 19 June —Seven modern housing projects of the Greater Yangon Development Strategic Plan-2040 were unanimously given the go-ahead by the Yangon Region parliament Friday.
The Yangon Region parliament in a 113-to-2 vote approved the seven modern housing projects of the plan designed by the Yangon Region Government and the Japan International Cooperation Agency, Japan’s foreign aid agency.
The seven modern housing projects will be established on more than 100,000 acres of land on the outskirts of Yangon, Myanmar’s largest city, and accommodate more than 10 million people.
According to MP U Win Naing of Lanmadaw constituency No. 1, the Yangon North-East new town project will be established on 17,375 acres, the Yangon South-West new town project on 21,716 acres, the Yangon-Thanlyin new town project on 21,193 acres, the Yangon-Dala new town project on 15,173 acres, the Yangon-Htantabin new town project on 24,748 acres, the Yangon-Hmawby new town project on 11,594 acres and the Hlegu new town project on 6,993 acres.
During the debate, MP U Win Naing seconded the plan, urging the Yangon Region Government to establish low-cost housing or new towns for poor people, which make up 2.6 percent of Yangon’s population of more than 5 million .
Yangon, which additionally has a floating population of about 1 million people, is experiencing an annual population increase of 2.6 percent.
MP Dr Nyo Nyo Thin of Bahan Township Constituency, who objected to the plan during the debate in parliament, expressed her concerns that the strategic project could destabilize the country’s financial situation if it is not managed with law enforcement because of possible ties to money laundering.—GNLM

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