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MULTI – MILLION “MANDALAY NEW CITY” TO TAKE SHAPE SOON

8 June
2012
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Two million dollars will be invested in “Mandalay New City” project, told Chairman of Cooperatives Bank U Khin Maung Aye to local online media Khitlunge.

The new city which is expected to form on 20,000 acres of land near Inwa south of the cultural city will include five zones for industrial, hotel, economic, housing, administrative and cultural activities.

“The Mandalay Region Chief Minister and other leaders are informed (about the project),” Khin said.

Foreign investments will be invited to implement the project, according to local weekly Modern.

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