Inactive industrial zone land plots in Yangon Region to be confiscated

27 May 2016
Inactive industrial zone land plots in Yangon Region to be confiscated
Photo: Mizzima

Inactive industrial zone land plots in Yangon Region will be confiscated by the government, state media reported yesterday quoting a cabinet member of Yangon Region government.
The government will take back land plots with no developed operations underway within the prescribed timeframe in Yangon’s industrial zones, said Minister for Electricity, Energy and Road Transport Daw NilarKyaw during a parliamentary session of Yangon Region Hluttaw.
According to sources, there are 2,339 idle land plots and 1290 warehouses on the 4,418-acre of land in 29 industrial zones in Yangon Region.