Mandalay Government Calling For EOI

News

The Mandalay Regional government is currently accepting EOI (expressions of interest) from investors, both local and foreign in order to develop a new addition to the hotels in Myanmar, a  project in Pyin Oo Lwin’s 21-mile Mandalay-Lashio highway’s New Mandalay Resort City site.

This new development will be a modern city project, and will be a mixed-use development, with residential, industrial, commercial, hotel and tourism sections.

The regional government are accepting EOIs and interested investors can submit theirs up until the 31st of March, according to a Senior Official from the region’s Department of Urban and Housing Development. He adds that, with the EOI, the DUHD is inviting interested parties to share what they want to do and develop on the plot, with the DUHD working on the details based on what companies divulge in their EOI. The senior official is saying that the DUHD intends to create a city built on economic, education, commercial, and hotels and tourism ideas. The official elaborates, saying that, before the project goes through tender invitation, the DUHD will be hiring a consultant and work on developments on the land.

The Mandalay Resort City project will be have three phases, with the Myanmar central government handling the first phase, with the regional government handling the second phase. The official says that the regional Department of Urban and Housing Development will be welcoming EOIs for the second phase.

The project will be aiming to develop to add to the hotels in Myanmar with a new resort city that’s based environmentally friendly IT-developments for the upper Myanmar area,  on a 10,000 acre plot, with the Minister for Construction chairing the project supervisory committee.

The government says that there are illegal houses in the project’s plot, with phase two having a committee tasked with handling this particular issue, learning about the squatters in order to properly relocate them.

Phase 1 will handling 2200 acres, covering the education, industrial, housing and health service zones. Phase 2 will be on 2919 acres, which handles the administrative, agro-based industrial, development , parks, service zones and SME zones. The third phase will be covering the largest area, with 4744 acres, tackling high-class and affordable housing, plus the golf course and agriculture zone.