Individual YBS owners must register companies by March: YRTA

NATIONAL NEWS

By Nyein Nyein

Individual owners of YBS (Yangon Bus Service) bus lines have been asked to register their companies by March as part of the move away from individual ownership and operation of city buses, according to U Hla Aung, Joint Secretary of the Yangon Region Transport Authority (YRTA).
Registered companies will be effective in providing proper management, he added.
“Related to this matter, we haven’t forced YBS owners to become shareholders. We have just said that YBS buses currently operating in town must belong to companies holding a title. If they have any difficulty, they can submit their difficulties and we are ready to cooperate with them,” said U Hla Aung.
Under the new YBS system, the YRTA has allowed older buses to operate in the town so their owners do not suffer losses.
“We have already negotiated with the Union government to grant import slips and de-register buses from the 1999-2003 model years which are in poor condition in terms of energy sufficiency and which do not match the city’s features. We have already granted permissions to bus owners. After de-registration, they will have to move out or withdraw from the business. And, if they do not want to operate under the (Ka) (B) trip transportation license in our bus line, they would be allowed to function as a private ferry service. If they plan to sell the buses and move to other regions, we would allow them to conduct the process under the business license law. We have not told them to stop,” said U Hla Aung.
“To provide better transportation services, individual YBS bus owners are required to shift to the company system. Nearly two out of three YBS buses operating in Yangon region are now company-owned vehicles. But, some YBS buses are still owned by individuals. So, we will push for all buses to become company-owned vehicles,” said U Phyo Min Thein, chief minister of Yangon Region.
Currently, there are more than 700 YBS buses, belonging to the 1999-2003 model years, which are in poor condition, have low energy efficiency, and do not match the city’s features. (Translated by Hay Mar)

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