Water express tender imminent

The Yangon Region government will call a tender before the end of this month for private companies interested in providing river transport services, U Maung Aung, secretary of the Yangon Region Transport Authority (YRTA), said. The regional government’s chief minister U Phyo Min Thein announced atransport reform initiative covering roads, railways and waterways in July. The […]

IWT advised to SELL — IWT considers corporatisation or privatisation to recover losses

TO cover losses stemming from the water transportation business the Ministry of Transport and Communications is considering turning its Inland Water Transport programme to do either corporatisation or privatisation, said Union Minister for Transport and Communications U Thant Sin Maung yesterday. “The Asia Development Bank has suggested two options : Either corporatisation or privatisation for […]

Inland Water Transport to be Privatised under BOT System

The Inland Water Transport, which is currently under the Ministry of Transport, will change to a build-operate-transfer (BOT) system implemented in accordance with inland water transport law, said U Ye Win Tun, manager of the department. “Our department is still a government department. We are calculating the value of our department possessions such buildings, land […]

IWT Eyes Reform to Launch Commercial Services

The Myanmar Inland Water Transport (IWT) authorities have called for carrying out reform of its business services by going for joint venture operations with the private sector, according to the Ministry of Transport. Complaining that it has been operating its transportation services at loss, IWT under the ministry said it is facing challenges for transforming […]