Yangon’s rail network to be privatised
July 25 - 31, 2011
MYANMA Railways last week extended an invitation to private comanies to take over Yangon’s commuter train network, according to a notice printed in the state-run New Light of Myanmar newspaper on July 21.
The notice invited interested parties to attend a meeting at the Ministry of Railway Transportation in Nay Pyi Taw at 9am on July 26.
The likely privatisation of Yangon’s rail network – a critical transportation route for many of the city’s commuters – follows the sale of state-owned buildings, fuel stations, factories and warehouses, and other assets in recent years.
Associated Press news agency reported on July 22 that Myanma Railways operates 21 trains in Yangon that ply a circular line around the city, carrying as many as 100,000 passengers a day for K20 each fare (about 2.5 US cents).
“Tickets for the circular train are very cheap because our ministry subsidises the rates,” U Thein Han, deputy superintendent of the Yangon railway station, told Associated Press.