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 […]

Yangon bus committee plans PPP transformation to operate new lines

The Yangon Region Bus Control Committee is forming a public-private partnership (PPP) company and has applied to be one of several such firms that will run bus lines as part of an overhaul of the city’s public transportation system, committee chair U Min Zaw told The Myanmar Times. He said the new company will be called […]

Yangon’s peripheral townships lack funding, says chief minister

The Yangon Region chief minister said this week that he hopes to support development in 12 townships that sit outside the Yangon City Development Committee’s jurisdiction, and create jobs for people at the edges of the city. U Phyo Min Thein told a meeting of young entrepreneurs on August 1 that more funding is needed for the […]

Yangon to develop river transport express system

The Yangon Region government is planning to build a river express system for passengers – part of fundamental transport reforms that government officials hope will bring a new wave of industrial goods and commuters onto the country’s waterways. Myanmar is unique in Southeast Asia in boasting waterways – primarily the Ayeyarwady and Chindwin rivers – […]

YCDC members accept termination

In a sudden reversal less than 24 hours after staging a power grab, Yangon City Development Committee members have agreed to step down. City Hall has been thrown into turmoil since Mayor U Maung Maung Soe announced revisions to the by-laws governing the committee, effectively truncating the terms of currently serving members. The mayor’s amendment […]

Yangon zoning plan expected this year

Yangon’s zoning plan will finally go from draft to law this year, YCDC officials said earlier this week. The city plan was first drawn up in 2013 by a working committee with recommendations from urban planners and representatives from YCDC, the Ministry of Construction, Yangon Heritage Trust, the Ministry of Science and Technology, and Japan […]

Yangon chief minister to cut bridge tolls

  The new chief minister for Yangon Region plans to reduce tolls at a major bridge linking the city’s largest industrial zones to its downtown area and ports, in a move that would make exports more competitive. U Phyo Min Thein said he will discuss the toll rate with the Union government. Bayintnaung Bridge connects […]

Harnessing investment into Yangon’s development

The construction market has slowed considerably in Yangon over the past year but developers hope that good times for the industry will return under the new government. When the Union Solidarity and Development Party first took power, development boomed, with high-rises, flyovers, bridges and luxury condominiums built at speed, fuelled by both foreign and local investment. For the […]

Central Bank Needs More Independence: MP

The Central Bank of Myanmar still can’t carry out many basic tasks without government intervention despite the enactment of the Central Bank Law, which allowed the financial regulatory body more freedom, a member of the parliament said. The Central Bank of Myanmar (CBM) Law was signed by the president, U Thein Sein, on July 11, […]