Ten­der to be held for Thi­lawa SEZ con­dos

The Myanmar Times - - Business - Za­yarlinn@mm­times.com ZAY YAR LINN

AN 80-acre site has been set aside for a res­i­den­tial area in­side Thi­lawa spe­cial eco­nomic zone, an SEZ of­fi­cial has said, with a 9-acre por­tion to be ded­i­cated to con­do­mini­ums.

Speak­ing with The Myan­mar Times on Novem­ber 18, direc­tor of Myan­mar Thi­lawa SEZ Hold­ings (MTSH) U Nyan Thit Hlaing said a joint ven­ture sys­tem will be in place for the con­struc­tion of the condo com­plexes.

The 80-acre res­i­den­tial zone in­side the SEZ will also in­clude ho­tels, hous­ing for work­ers, shop­ping cen­tres and build­ings for bank­ing busi­nesses. A 9-acre site is be­ing ear­marked for con­dos within this area. “The de­vel­op­ers asked us how we sell the apart­ments ... We want to work to­gether ac­cord­ing to the per­cent­ages [agreed] in the joint ven­ture,” U Nyan Thit Hlaing said.

In­vestors are be­ing in­vited to con­struct ho­tels, petrol sta­tions, banks and con­dos un­der a ten­der sys­tem, which is set to open for ex­pres­sions of in­ter­est soon.

The 80-acre res­i­den­tial area is part of the 400-hectare Zone A, which of­fi­cials in Au­gust said was around 90pc com­plete. Some $760 mil­lion in for­eign in­vest­ment has been com­mit­ted to Zone A.

At present there are 20 fac­to­ries op­er­at­ing, with more than 40 still un­der con­struc­tion. Some 68 com­pa­nies from 17 coun­tries have plans to in­vest at the site, U Nyan Thit Hlaing says.

Once Thi­lawa Zone A is com­pleted, SEZ of­fi­cials ex­pect it to cre­ate jobs for 20,000 to 40,000 work­ers, from Myan­mar and abroad. The de­vel­op­ment of res­i­den­tial prop­erty is a ma­jor un­der­tak­ing at the site, with in­fra­struc­ture start­ing from scratch.

“[We are try­ing] to start a great ur­ban sys­tem to sup­port Thi­lawa. It is es­ti­mated there will be al­most 600 rooms. The wa­ter from Thi­lawa dam will be san­i­tized to use in the res­i­den­tial zone,” he said, adding that en­sur­ing a steady elec­tric­ity sup­ply was an­other chal­lenge.

Build­ings in the SEZ will not be high-rise, with most not go­ing above 12 feet. How­ever, with con­do­minium con­struc­tion projects it will be a mat­ter of ne­go­ti­at­ing be­tween en­trepreneurs and the site’s man­age­ment.

Fac­to­ries and residences within the Thi­lawa in­dus­trial zone are for­bid­den to use un­der­ground wa­ter from dig­ging arte­sian well. The wa­ter from both the Zar­mani and the Thi­lawa dams will be piped in, sani­tised and re­cy­cled. Wa­ter is to be pur­chased un­der a per-gal­lon pric­ing scheme.

Once the La­gun­pyin wa­ter distri­bu­tion project is fin­ished, it will sup­ply the whole SEZ, leav­ing the two cur­rent sup­ply dams as spares. The state power lines have been ex­tended in or­der to guar­an­tee a reg­u­lar elec­tric­ity sup­ply, and a nat­u­ral gas power plant which can pro­duce 50 megawatts has al­ready been built. – Trans­la­tion by Khine Thazin Han and Emoon

Photo: Naing Wynn Htoon

Work­ers drive past a fac­tory in Thi­lawa’s Zone A.

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