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Mandalay city to invite tenders to collect parking fees

The Mandalay City Development Committee will invite bidding for a one-year concession to collect vehicle parking fees with a floor price of K700 million.

For the fiscal year that starts on October 1, the MCDC will sell 49 parking spaces for cars and motorcycles in the city with a floor price of about K700 million. The fiscal year ends on September 30, 2020.

“This year’s floor price for parking fee collection has been increased by 30 percent compared to the previous year. We will call for tenders on August 30,” said U Aye Lwin of the MCDC’s Revenue Department.

Of the 49 parking spaces, the down payment for bidding on parking in the basement of Yadanarpon market and Diamond Plaza will be K154 million, while the down payment for parking at Mahar Aung Myay gem trading centre and three spaces at Zay Cho market will be K165 million and K84 million, respectively.

“Those who win the auction will charge K100 per bicycle, K200 per motorcycle, and K300 per car. The charges haven’t changed from last year,” U Aye Lwin said.

If an auction winner breaks the rules of the MCDC, they will be given a warning the first time, fined K200,000 the second time, and fined K500,000 the third time. If they continue to break the rules, their business license will be suspended, said U Thet Naing, head of the department.

The toll-gate businesses, for which auction prices were once very high, have been taken over by the MCDC. Also, the five parking businesses downtown that allowed people to park in specific spaces, and gave rise to frequent disputes, were abolished last fiscal year.

Source: Myanmar Times

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