The burned down Mingalar Market in Mingalar Taung Nyunt will be replaced with a 15-floor mega market, with work due in November.
MPs and shop owners met at city hall for discussions with Yangon City Development Council on May 18.
The meeting decided that the bidding would start at the end of June or early July.
“We have shown the design. It will be a 15-floor building with two basements with the rest of the floors rebuilt to return shop owners and restaurants to their previous positions. Nobody will be given more or less than they had before the fire. The construction will begin at the latest by November 1,” said the township’s MP Hla Htay.
The market will also contain a 600-vehicle car park and is expected to take around two and a half years to complete.
“When the market burned, temporary places were allocated to shop owners. On top of the temporary places being too spread out, the rent has been increasing day by day. When they heard it will take at least two more years, many shop owners despaired at the meeting,” said Mingalar Taung Nyunt MP Than Cho.