Yangon City Development Committee has finished its annual tenders for private companies to run 37 businesses under its Departments of Revenue and Markets, such as toll gates and public toilets.
The 37 separate tenders have generated about K9.97 billion (US$9.65 million) in income for city coffers, with the winning companies set to take over the businesses on April 1 for the 2015-16 financial year.
U Nay Win, deputy director of YCDC’s Department of Engineering (Building), said the tenders run annually.
“This year we have received more revenue than last year, by about 10 percent,” he said yesterday.
The businesses include toll gates on certain roads, entrance gates on the road to Yangon, and charges for public toilets located in specific markets – including Pazundaung, Insein, Hledan, San Pya and Kabar Aye markets, and the poultry markets, as well as markets in Hlaing Tharyar and Shwe Pyi Thar townships.
YCDC also intended to auction off 29 items declared redundant, though only sold 21 – it had also intended to generate K62.1 million through the sale, but actually received K88.8 million for the items.
The leased properties have become a part of YCDC’s annual budget.
U Nay Win said the revenues from leasing out the properties for one year are included in YCDC’s annual budgeting. “We have already forecasted the amount we would receive in to this year’s budget, as it is something we did last year as well,” he said.
U Nay Win added the revenues are put into YCDC’s general budget, in areas such as road construction and improving water supply.
“YCDC’s budget is increased for infrastructure departments, because they are doing more work. Last year, so many roads were paved and water supply extended, needing more money,” he said.
Other areas of spending growth include budgets for civil servant housing, low cost housing and renovations of government office space.
Some of the roads receiving rebuilds are Bayinnaung, Mingalardon, Waizayandar, Thanthumar and Kayay Pin.
Source: Myanmar Times