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 and office supplies now,” he told Myanmar Business Today.
The department has been undergoing reorganisation to wean itself off the government budget and rely on its own income.
Discussions are under way for a law that can deal with the transformation of state-owned enterprises into privatised entities. In these discussions and workshops, the strength and weaknesses of the BOT system has been discussed, said U Ye Win Tun.
A law that allows inland water transport department to operate under a BOT system was first passed on December 5, 2014 and the bylaw was enacted on August 18 this year.