Yangon to Build $400 Million Elevated Expressway

The Ministry of Construction and International Finance Corporation (IFC) on January 11 signed an advisory services agreement to build an elevated expressway connecting Yangon port, Thilawa SEZ, Yangon International Airport, Yangon Industrial Zone and Yangon-Mandalay expressway. The 20.5-kilometre elevated expressway will cost US$400 million (535.86 billion kyat), with maintenance costs to be paid for by […]

Bus company loses YBS licence after complaints of poor service

The Yangon Region Transport Authority (YRTA) cancelled the licence of a public-private partnership (PPP) company under the Yangon Bus Services (YBS) due to poor service, YRTA said on Thursday it officially stopped the ‘Khit Thit Nyein Chan Yay’ PPP company from operating under the YBS for failing to provide good service to commuters over an […]

Location for New Muse Airport to be Confirmed Before Fiscal Year-End

The Department of Civil Aviation (DCA) is hoping to confirm the location for a new airport in Muse before the end of this fiscal year, Deputy Director General U Ye Htut Aung told The Myanmar Times on November 6. Muse is Myanmar’s largest border trading post and where most of the country’s border trade with China takes […]

Department to call for tenders to upgrade three domestic airports

Subscribe to our tender alert mailing list The tender call invites developers who are interested to upgrade the infrastructure projects through a public-private partnership (PPP) system, U Ye Htut Aung, deputy director general of DCA told The Myanmar Times. Public-private partnerships between a government agency and private-sector company can be used to finance, construct and […]

Transport Experts Encourage Myanmar to Adopt PPP model

AS Myanmar and its cities are developing the transport infrastructure, experts have advocated the adoption of the public-private partnership (PPP) model to speed up the development, according to a transport conference last week. International law firm Baker McKenzie, in collaboration with the British Chamber of Commerce Myanmar, hosted the conference “Myanmar: Moving Ahead Perspectives on Developing Transportation Infrastructure” […]

Yangon to Upgrade Markets With PPP System

The Yangon Region government is going to install 21 markets with a public-private partnership (PPP) system, according to U Myint Thaung, the regional minister for planning and finance. “The regional government has planned to upgrade markets under YCDC that will use a PPP system rather than the government’s budget. There are 21 markets which will […]

No Profits or Share Dividends for YBPC Yet

​​ YANGON Bus Public Company (YBPC) has not received any profits after running for a year and hence the firm cannot pay dividends to its shareholders, according to Yangon Bus Public Company chair U Maung Aung. The YBPC was registered under the Ministry of National Planning and Economic Development and has been permitted to operate […]

Yangon bus system overhaul set to start

​​ Yangon’s infamous public bus system – where commuters are dragged by callous conductors onto ageing vehicles operated by drivers with scant regard for road safety – is about to change. A long-awaited transformation of the bus network, which some 80 percent of the commercial capital’s 2.8 million daily commuters depend upon, will begin at […]