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POSCO plans to construct high-rise housing in 8-mile junction
Published on Wednesday, 14 November 2012 21:00
Myaing Haewon Garden (Photo - Kyaw Htin/EMG)
POSCO Company from South Korea is interested in constructing high-rise housing in Myaing Haewon Garden Yangon, according to sources from Yangon region government.
The garden, covering an area of 15 acres, is located near the populated area of 8-mile junction. The open tender for the project will soon be announced, and both local and foreign companies will be invited.
“POSCO Company is very interested in the project. As far as I know, they want to construct high-rise housing. The garden plot is spacious and the surrounding area is populated near the 8-mile junction,” Aung Kyaw Soe, assistant director of Yangon region government said.
Myaing Haewon Garden is an amusement park with a green area covered with trees and flowers. Yangon has 58 gardens and parks but only a few of them can serve to entertain citizens, according to residents of Yangon.
Yangon’s population is on the rise and the city needs to build more parks and plant more trees in conformity with its population growth, Anug Myint Maw, an engineer and environmental analyst said.
Mahabandoola Garden and Inya Park (sides of Pyay Road and Kabaraye Saete Road) had renovation earlier this year.
Besides the housing and traffic plans, Yangon City is in need of green-park areas for both recreational and environmental purposes. “We need to plan for more gardens when we draw the plan,” Soe Nyunt, president of Myanmar Bird and Nature Society said.