Land plots at fair price for investors available at Ponnagyun Industrial Zone

Description: 

Nay Pyi Taw, 15 Oct— "The 11th regular session of Amyotha Hluttaw (Upper House) continued for the 17th day at its hall on Wednesday. Dr Myat Nyana Soe of Yangon Region Constituency No 4 raised questions, asking whether there is a plan to solve the high price for land plots not only for local entrepreneurs but for foreign investors in hiring land plots from the owners. Deputy Minister for Industry U Thein Aung replied that a management committee has been formed to supervise the construction of factories and industries on the allotted plots. The plot owners who fail to construct factories and industries on their lands in the project period must return their plots to the government and who cannot complete construction tasks must pay fines to the government..."

Source/publisher: 

Amyotha Hluttaw via "The Global New Light of Myanmar"

Date of Publication: 

2014-10-16

Date of entry: 

2014-11-10

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  • Individual Documents

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Language: 

English

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