Myaung Dagar Industrial Zone 80pc done

THE Myaung Dagar Steel Industrial Zone in Hmawbi, Yangon Division, is now 80 percent complete, said an official from the Department of Human Settlement and Housing Development recently.
“The aim of this project is to group all the steel factories in one place,” he said, adding that it would also lead to better infrastructure in the area and create jobs.
The project, which began in 2006, covers an area of about 1016 acres and has been split into three phases.
“Of the total area, infrastructure accounts for 395.19 acres, while the industrial sector itself is 620.38 acres.
“We’ve already sold 37 of the 327 2-acre plots that make up the zone,” he said, adding that the plots were sold at a cost of K18.4 million an acre.
He said work on Phase One started in early 2006, Phase Two began about one year later, while the construction of Phase Three started early in 2008.
“All the infrastructure – like the roads, electricity network and drainage – in Phases One and Two have been finished but Phase Three only has roughly built roads to date,” he said.
Electricity to power what is likely to be an extremely power-hungry enterprise is already taken care of in the form of one 100MVA transformer linked to the Bago-Kamarnat substation in Bago Division, he added. – Htar Htar Khin

Work to resume on Taw Win Complex

TAW WIN Family Construction has re-started construction work on its complex on Pyay Road, Dagon township, said U Ko Ko Htway, the company’s chairman.
Work on the 25-storey building started in 2004 but was quickly halted as the banking crisis shuttered operations countrywide. He said the complex has an expected completion date of October 2009 and the few months leading up to the coming monsoon will be crucial.
“We plan to accelerate this project before the coming rainy season and have already laid the foundation,” he said.
The 2.43-acre complex will include a shopping centre, several small theatres, offices, an amusement zone and residential apartments. According to the project’s plan, there will be 400 shops, 170 offices and five theatres.
U Ko Ko Htway said the complex will be unlike any other in Myanmar; and this extends to sale of retail spaces or rooms.
“We don’t plan to sell any of the rooms at all and will only be allowing people and companies to lease or rent,” he said.
There will also be 1000 car parks, he said, adding that Taw Win Family Construction will bear the entire cost of construction. However, he refused to reveal how much this is expected to be. –Kyaw Hsu Mon and Khine Tha Zin Aung