Yangon New City Project makes few adjustments

The Yangon New City Project will be carried out with collaboration from the World Bank, International Monetary Fund (IMF), International Finance Corporation (IFC) and foreign loans, said Yangon Region Minister for Electricity, Industry, Road and Communication Daw Nilar Kyaw at the 2nd Yangon Region Hluttaw meeting held on 10 July. The new city will be […]

Yangon’s SRT Bus Line Closes Due to Losses

​​ YANGON, Myanmar – Yangon’s SRT bus line, launched with government help last year as a model for passenger-friendly transportation, is to close on Dec 8 after losing 690 million kyat (about 18.7 million baht). SRT bus line started running in early 2015 in cooperation with the Ministry of Transport in an attempt to bring […]

Major bus network reforms to begin within three months

Under the plan, the ministry will partner with owners to form a single association or company to manage the sector, ending competition between owners and effectively bringing it under state control. The plan would see old buses removed from the roads and staff paid a salary rather than incentives. Each bus owner would receive a […]