The Project is a landmark urban renewal, district cooling and heritage restoration project in central Yangon, comprising a district cooling plant and network (DC Plant), nearly 2 million square foot of hotel, retail, office and residential space across four 26- story towers and the preservation of a historical Victorian building, the former headquarters of the British Burma Railway Company. This grand heritage building, called The Old Lady , was built in 1877. The Project will be an anchor development, forming a central part of the business infrastructure of Yangon. ADB s loan will be dedicated to fund the DC Plant, which will be the first energy efficient district cooling system in Myanmar. The DC Plant will have a capacity of [8] MW and will provide sustainable, efficient, reliable, and essential cooling to the district. The DC Plant will generate cool water and distribute it through a network of piping systems to individual buildings of the Project.
| Project Name | MYA: Yangon Urban Renewal and District Cooling Project | |||||||||||||||
| Project Number | 47913-001 | |||||||||||||||
| Borrower/Company | Mee Ya HTA International Hotel Limited Meeyahta Development Limited |
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| Country | Myanmar |
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| Location | ||||||||||||||||
| Type or Modality of Assistance |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Partnerships Private sector development |
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| Sector / Subsector |
Energy / Energy efficiency and conservation Water and other urban infrastructure and services / Other urban services |
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| Gender Equity and Mainstreaming | Some gender elements | |||||||||||||||
| Responsible ADB Department | Private Sector Operations Department | |||||||||||||||
| Responsible ADB Division | Infrastructure Finance Division 2 | |||||||||||||||
| Responsible ADB Officer | Singh, Samarendra | |||||||||||||||
| Project Sponsor(s) | FIRST MYANMAR INVESTMENT MITSUBISHI CORPORATION Mitsubishi Estate Yoma Strategic Holdings |
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| Description | The Project is a landmark urban renewal, district cooling and heritage restoration project in central Yangon, comprising a district cooling plant and network (DC Plant), nearly 2 million square foot of hotel, retail, office and residential space across four 26- story towers and the preservation of a historical Victorian building, the former headquarters of the British Burma Railway Company. This grand heritage building, called The Old Lady , was built in 1877. The Project will be an anchor development, forming a central part of the business infrastructure of Yangon. ADB s loan will be dedicated to fund the DC Plant, which will be the first energy efficient district cooling system in Myanmar. The DC Plant will have a capacity of [8] MW and will provide sustainable, efficient, reliable, and essential cooling to the district. The DC Plant will generate cool water and distribute it through a network of piping systems to individual buildings of the Project. Construction of the DC Plant will be in tandem with the Project which is expected to commence in 1Q 2014 with schedule completion in 2 phases over 4 years. | |||||||||||||||
| Objectives and Scope | The project will increase business and tourism, while preserving and protecting Myanmar's heritage. The project will help alleviate the acute supply shortage in the city, stimulate tourism and commercial activity, and promote energy efficiency. The district cooling plant will generate cool water and distribute it through a network of piping systems to individual buildings in the district. | |||||||||||||||
| Linkage to Country/Regional Strategy | ADB assistance for the project is aligned with Strategy 2020 which supports environmentally sustainable, private sector-assisted development in meeting growing energy demand in the region and in addressing critical infrastructure shortages. The assistance is also aligned with the interim country partnership strategy, 2012 - 2014 as it supports environmentally sustainable development by integrating environmental considerations into projects for promoting green and climate resilient growth. The interim strategy also aims to accelerate economic growth; create income opportunities; and create a supportive environment for the private sector, in particular small and medium-sized enterprises. The project is consistent with ADB's Energy Policy and Urban Operational Plan 2012 - 2020; both emphasize environmental sustainability and private sector participation, including specific investments in district cooling. The project is consistent with (i) the Urban Development and Water Sector Assessment, Strategy and Road Map, which emphasizes modern wastewater treatment management; and (ii) the ADB-assisted Tourism Master Plan, 2013 - 2020, which includes preservation of heritage buildings. |
| Safeguard Categories | |
|---|---|
| Environment | B |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | The borrower prepared an initial environmental examination to cover all aspects of the project following ADB Safeguard Policy Statement (2009). The initial environmental examination includes an environmental and social management plan to adequately address potential impacts during construction and operation, such as noise, dust, water quality, solid and liquid waste, hazardous waste, exposure of workers to occupational health and safety hazards, and cultural heritage conservation. To minimize and mitigate potential impacts, the project will be designed, constructed, operated and maintained in accordance with ADB's Safeguard Policy Statement requirements, the World Bank Group's general environment, health and safety guidelines and national environment laws and regulations. |
| Involuntary Resettlement | The project is not expected to have involuntary resettlement impacts. Due diligence confirmed that no informal settlers or vendors use the project area. |
| Indigenous Peoples | The project is not expected to have indigenous peoples impacts. Due diligence confirmed that the project area and surroundings have no record of settlements of ethnic groups or indigenous peoples. |
| Stakeholder Communication, Participation, and Consultation | The borrower engaged stakeholders in the surrounding areas during the project design. A grievance redress mechanism to address public complaints is in place. Consultations carried out as part of the initial environmental examination did not identify any outstanding grievances. |
| Timetable for assistance design, processing and implementation | |
|---|---|
| Concept Clearance | 17 Jun 2013 |
| Credit Committee Meeting | - |
| Approval | 26 Jun 2014 |
| PDS Creation Date | 05 Jun 2014 |
| Last PDS Update | 01 Oct 2020 |
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.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
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| Title | Document Type | Document Date |
|---|---|---|
| Yangon Urban Renewal and District Cooling Project (Additional Financing): Report and Recommendation of the President | Reports and Recommendations of the President | Jun 2016 |
| Yangon Urban Renewal and District Cooling Project: Report and Recommendation of the President | Reports and Recommendations of the President | May 2014 |
| Yangon Urban Renewal and District Cooling Project | Initial Poverty and Social Analysis | Apr 2014 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
| Title | Document Type | Document Date |
|---|---|---|
| Yangon Urban Renewal and District Cooling Project: Yoma Central Environmental and Social Monitoring Report (April 2019-March 2020) | Environmental and Social Monitoring Reports | Jun 2020 |
| Yangon Urban Renewal and District Cooling Project: Yoma Central Environmental and Social Monitoring Report (April 2018-March 2019) | Environmental and Social Monitoring Reports | May 2019 |
| Yangon Urban Renewal and District Cooling Project: Yoma Central Environmental and Social Monitoring Report (April 2017-March 2018) | Environmental and Social Monitoring Reports | May 2018 |
| Yangon Urban Renewal and District Cooling Project | Initial Environmental Examination | Feb 2014 |
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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