Chinese, Malaysian companies discuss investment in YBS

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YBS buses run in downtown Yangon. Photo: GNLM/Phoe Khwar

Three companies from China and Malaysia visited Myanmar and discussed the possibility of investing in the Yangon Bus Service (YBS), according to a report in Myawady Daily yesterday.
The Yangon Region government has already replaced the old Ma Hta Tha public bus transport system in the Yangon Region with the new YBS transport system since January 2017. The Yangon Region government has upgraded the vehicles, services and other bus stations.
Foreign companies started showing interest in YBS after the public vehicles were changed. Among them, three Malaysia- and China-based companies visited Myanmar and discussed a joint venture with the local companies.
“We are trying to meet international standards. Foreign companies are interested in investing in YBS. So far, three foreign companies have visited and discussed investing in YBS. They are from China and Malaysia. When foreign direct investment companies enter the country, the transport sector will be developed,” said Dr. Maung Aung, secretary of the Yangon Region Transport Authority (YRTA).
Recently, YRTA upgraded the YBS bus stations. Passengers had complained about some of the YBS buses violating rules and regulations. Immediate action was taken when violent incidents were reported. Passengers have the right to complain to YRTA when they are faced with inconvenient situations, he added.

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