By Maung Aye
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Mrauk U: The Htoo Company, owned by Burmese tycoon U Tay Za, has confiscated several acres of farmland in Arakan's ancient city of Mrauk U to construct a hotel, say local sources.
About 15 acres of farmland located beside Abondaw Lake near Taung Pyu Dam were confiscated by the company with the help of local authorities.
One landowner said, "The Company told us they would pay compensation in the amount of 20,000 Kyats per acre, but this amount is very small and far from the current market price for the land."
Farmland in Mrauk U Township is currently selling at 500,000 Kyats per acre, with orchid farmland selling at a higher price.
"Most of the confiscated lands were for orchid cultivation. Our families' lives depend on the orchid. The company confiscated our land 20 days ago, and has not yet given any compensation," the landowner said.
An educated youth in Mrauk U said, "The Htoo Company has confiscated lands but the company is expected to compensate the landowners at a reasonable price. If not, the company will face conflicts with the local people."
Mrauk U is the ancient city of Arakan where many attractions and hundreds of thousands of ancient pagodas lure tourists. In recent years, some companies have built international standard hotels and inns in the township to promote tourism.
http://www.narinjara.com/details.asp?id=2755
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About 15 acres of farmland located beside Abondaw Lake near Taung Pyu Dam were confiscated by the company with the help of local authorities.
One landowner said, "The Company told us they would pay compensation in the amount of 20,000 Kyats per acre, but this amount is very small and far from the current market price for the land."
Farmland in Mrauk U Township is currently selling at 500,000 Kyats per acre, with orchid farmland selling at a higher price.
"Most of the confiscated lands were for orchid cultivation. Our families' lives depend on the orchid. The company confiscated our land 20 days ago, and has not yet given any compensation," the landowner said.
An educated youth in Mrauk U said, "The Htoo Company has confiscated lands but the company is expected to compensate the landowners at a reasonable price. If not, the company will face conflicts with the local people."
Mrauk U is the ancient city of Arakan where many attractions and hundreds of thousands of ancient pagodas lure tourists. In recent years, some companies have built international standard hotels and inns in the township to promote tourism.
http://www.narinjara.com/details.asp?id=2755
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