Industrial Plot, Hlae Gu Township, Yangon, Myanmar
SLP Environmental was appointed by a global beverages manufacturer to conduct a rapid environmental due diligence (EDD) assessment for a project site situated in the Hlae Gu Township, Yangon, Myanmar. The client was considering leasing the subject property to construct a warehouse and as part of their internal business transaction due diligence process instructed SLP Environmental to perform a Phase 1 Environmental Site Assessment (ESA) as per ASTM E1527-13 practice to determine whether there are any Recognised Environmental Conditions (RECs) and/or potential soil and groundwater contamination liabilities associated with the Subject Property that could have a material impact on the transaction.
The Phase 1 ESA was conducted and reported in accordance with practice presented in ASTM E1527-13; Standard Practice for Environmental Site Assessments: Phase 1 Environmental Site Assessment Process”, modified as applicable based on availability of information and in-country standards.
The primary objective of the Phase 1 ESA is to assess whether recognised environmental conditions (REC) are present at the Subject Property. ASTM E1527 – 13 defines recognized environmental conditions as follows:
…the presence or likely presence of any hazardous substances or petroleum products in, on, or at a property: (1) due to releases to the environment; (2) under conditions indicative of a release to the environment; or (3) under conditions that pose a material threat of a future release to the environment. De minimis conditions are not recognized environmental conditions.
The scope of works comprised a detailed inspection of the property and its environs, interviews with key informants, consultations with regulators, desk study and data mining pertaining to the physical and biological environment, resource availability, historic landuses and protected areas assessment for the subject property.
The study included an assessment of the environmental sensitivity of the study site area and a qualitative risk assessment for each identified potentially vulnerable environmental receptor and an overall environmental risk rating for the study site.