The Lippo Group of Indonesia has confirmed plans to build 20 new hospitals in Myanmar with a total project value of $1bn over the next ten years. Up to seven hospitals will be in Yangon. The Myanmar Investment Commission (MIC) has already approved the plan.
In 2014 Lippo Group and First Myanmar Investment (FMI) created a joint venture to update and provide international standards of medical facilities at the Pun Hlaing International Hospital, located in the Pun Hlaing Golf Estate.
The plan announces establishment of facilities outside of Yangon, which is a first for the Lippo Group, who confirm they wish to provide facilities at a national level in Myanmar.
Of the 20 new builds, the plan proposes 12 to be operational within 3 to 5 years.
Further announcements may follow concerning Lippo Group and new commercial retail property projects
Parliament has approved a soft loan of $138m from South Korea. The loan is for 40 years with an interest rate of 0.01% and according to sources no repayments will be made during the initial 15 years of the loan. This is a successful outcome following meetings in 2014 of the President of Myanmar when he visited South Korea. The total cost is estimated at $168m and the remaining funding will be sourced by the Myanmar Government. Yangon-Dala bridge will take five years to build and will be 6,144 ft in length.
Dala is on the Southern bank of the Yangon River across from downtown Yangon. The area has not seen much development. Access has only been via a ferry. The new bridge will link Phone Gyi Road, Landmadaw to Bo Min Yaung Road, Dala.
Local reports confirm that developments are planned at Pazundaung railway station with a scheduled start in January 2016 for Myanmar Railways (MR).
The site is in Pazundaung township in the South Eastern area of Yangon, Myanmar. 13 companies have expressed interest in the construction of multi-storey parking for 2,000 cars. Due to the area available, 2.73 acres, further announcements are expected for the construction of a hotel and a shopping centre. So far mostly local firms have responded to the invitation. A joint venture is envisaged with the successful bidder.
The car park is in line with other plans to ease traffic congestion in Yangon. These include the construction of flyovers and nationalising bus services. Yangon International Airport is located to the North of Yangon, distance 18kms.