Yangon committee to release high-rise inspection results
A Yangon Region government committee charged with reviewing high-rise projects approved by the previous government to decide whether or not they should go ahead will release its first round of inspection results today or tomorrow, one of its members said.
Daw Hlaing Maw Oo said reports on 12 of the 64 projects being reviewed would be given to the developers imminently.
“We will give the official results of our inspection to the developers of 12 projects tomorrow or the day after tomorrow. After the committee has inspected the projects, it will submit the reports to the cabinet and await their decision [on whether the projects will be allowed to proceed],” she said.
The committee will not release its reports to the public, she said, because the companies have done nothing wrong.
Developers have grown increasingly worried about the future of their investments since mid-May when the government suspended all projects under development in Yangon with more than nine floors.
The review has dragged on, spooking foreign investors, while construction workers have seen their wages cut and sales of construction materials have slumped.
The committee will continue to review the other projects systematically, said Daw Hlaing Maw Oo.
In addition to the 64 projects under construction, it will assess more than 120 projects that were granted permits by the former government but have not yet begun.
“The committee is continuing its inspections and will give the information to developers as soon as it has finished,” she said.