47913-014: YANGON URBAN RENEWAL AND DISTRICT COOLING PROJECT

Project Data Sheet (PDS): Overview


Description

The project comprises the revitalization of an emerging central business district, including hotel, retail, office, and residential space; and a district cooling plant and network to serve the locality. The overall development will also restore and preserve a prominent heritage building that will become a significant feature of the project site. The project is identified by the Asian Development Bank (ADB) as a priority to help reduce the acute supply shortage in Yangon, stimulate business and tourism activity, and set a precedent for international standards in the sector. The project s demonstration effects will help commercial banks gain confidence in the Myanmar market and set a blueprint for financiers to replicate and advance similar developments. Because Yangon is a crucial engine for generating economic growth and jobs, the development of a competitive, equitable, and environmentally sustainable city through projects such as this one is a strategic priority for the country. Read More

Country Myanmar
Borrower/Equity Investment Name
Project Number 47913-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Proposed
Geographical Location Myanmar
Sector / Subsector Classification Not yet classified
/ For Classification
Safeguard Categories Environment: B
Resettlement: C
Indigenous People: C

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Data Sheets (PDS)

Responsible ADB Officer
Daniel Wiedmer
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Infrastructure Finance Division 2

PDS Creation Date
05 Jun 2014

Last PDS Update
09 Jun 2014

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