Yangon elevated highway project and outer ring road project will be developed under a Private-Public-Partnership (PPP) System.

With the aim of ensuring the better connections between industrial zones and smooth operations between jetties, dry ports, new cities and logistical routes as well as emergence of an economic corridor, the leading committee for the development of Yangon elevated highway project and outer ring road project will be led by the Union Minister for Construction Han Zaw.

The committee will explore new alignments of elevated highway and outer ring, which will help support social and economic development effectively.

In addition, the committee will cooperate with relevant ministries, organizations and regional government in order to effectively and successfully implement the projects and develop industrial zones, logistics hubs, dry ports, jetties and satellite towns, which will emerge along the elevated highway and the outer ring road. The committee is to implement the projects with the minimum budgets and seeks the approval from the Union government.

Currently, the government has negotiated with the IFC to develop the elevated highway project which will reduce traffic jams in Yangon. The project will start in 2019, said Union Minister for the State Counsellor’s Office Kyaw Tint Swe on September 19.

Around US$ 400 million is earmarked for the development of the 27 km long elevated highway linking Yangon jetty, Thilawa Special Economic Zone in the south of Yangon to Yangon International Airport, Yangon Industrial Park e and Yangon-Mandalay Highway in the north of Yangon.

“The projects aim to solve traffic jams and create more employment opportunities in Yangon,” Kyaw Tint Swe added.