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Yangon New City Project is proposed by Yangon Region Government led by chief minister Myint Swe. The proposed area include 4,745 hectares between Hlaing Thar Yar- Twante motor way and Seikkyi Kanaungto Township.It was criticised lack of transparency and Yangon region Parliament suspended the proposal. The land prices in neighbouring areas Dala, Twante and Seikkyi Kanaungto had skyrocketed.After 10 months of suspension it was later approved in 2015. The project include five river-crossing bridges and city infrastructures. The project is not part of the Master Plan proposed earlier by JICA for the development of Yangon City. The preliminary works for Bargayar Aletchaung bridge,one of the five proposed river-crossing bridges has carried out in March 2016 and so far Yangon South West Development Public,Business Capital City Development Ltd and Shwe Popa International Construction are working in the project.
After months of speculations, Yangon region chief minister Phyo Min Thein announced that the project will again start at the end of February 2017 however it will be carried in accordance with the project plan designed by the public company which will be formed under Yangon region government in cooperation with Myanmar Construction Entrepreneurs Association (MCEA) and again it will open bids for developers.