Yangon govt may ban car imports next year

A majority of vehicle importers expect the Myanmar government to restrict imports of small vehicles next year to alleviate traffic congestion in Yangon, said Than Win, the joint-secretary of the Myanmar Region Public Transport Authority, in a lecture titled “Urbanisation and Transport” at the Yangon’s Orchid Hotel on September 3.

“An increase in the number of small vehicles will worsen traffic problems. We plan to reduce the number of vehicles. Yangon has a higher number of small vehicles than passenger buses,” he said.

As of August 2016, there are more than 800,000 registered vehicles across the country. Yangon has more than 500,000 registered vehicles. The All Bus Lines Control Committee has struggled to regulate passenger bus lines and taxis to improve the flow of traffic.

Myanmar imports more than 130,000 vehicles every year. In the 2013-2014 fiscal year, the country imported more than 180,000 vehicles.

 

Source: Eleven Myanmar

 

 

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar