YRTA Pushes Back Clunker Trade-In Deadline After Concerns Raised by Bus Owners, Passengers

Owners of Yangon Bus Service (YBS) busses more than 22 years old now have un­til June 20 to trade their clunkers in for govern­ment issued import slips which can be used to im­port newer vehicles, the Yangon Region Transport Authority (YRTA) has an­nounced.

The government ini­tially gave owners until the end or April to con­sign their old buses, but the YRTA has decided to push back the deadline based on feedback from bus owners and YBS pas­sengers.

After the deadline passes, owners of busses made before 1995 will be stripped of their business licences, barring them from working in the YBS, and their old vehicles will no longer be eligible for import slips.

Owners, however, have told the YRTA they could face difficulties buying newer, more expensive vehicles while YBS users worry they could face bus shortages as a result of the consignment plan.

“Any models made be­fore 1995 have to be con­signed but I don’t know what the government plans are after we turn the old busses in to them,” said Ko Tayoke Lay, the owner of Bus Line 21 of the YBS, told Myanmar Business Today.

“If the government fails to provide a backup plan for the replacement of older models, passengers could face problems,” he added.

In January, the YRTA merged over 300 bus lines into 79, awarding up to 11 business licences to com­panies to operate the new routes. The reforms were said to make the system easier to regulate and to improve user satisfaction by reducing accidents and traffic congestion.

“We have to consign, it’s compulsory, but after we’ve handed in our bus­es we will re-invest in the bus-line company,” said Ko Tayoke Lay.

 

Source: Myanmar Business Today

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