Infrastructure Sector Is Necessary To Develop In 2018

The infrastructure sector is necessary to develop in 2018, said U Phyo Min Thein, Chief Minister of Yangon Region.

In 2018, the Yangon Myothit Project and Special Economic Zones are going to be implemented. In addition, efforts are being made to implement a Smart City to be developed on the other side of Yangon River, Chief Minister said at the Myanmar Infrastructure Summit 2018 ceremony.

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Moreover, many projects with a cost of around US$ 5 billion are still left to be implemented, he added.

The projects will be implemented as the urban development projects. As a result, it will create many investment opportunities to the transport sector and real estate sector, said Chief Minister of Yangon Region.

The demand on the electricity will be raised up to twice than normal due to the impact of Myothit project and special economic zones, U Phyo Min Thein said at the Myanmar Infrastructure Summit 2018 ceremony held on March 20.

Credit: SFJ Strategy First
Translated by: iMyanmarHouse.com