India handed over six donated cargo vessels to Myanmar to support the joint Myanmar-India Kaladan Multimodal Transportation Project, said a press release from the Inland Water Transport (IWT) late Thursday. Handed over at the Sittway Port in Myanmar’s western Rakhine state, the six cargo vessels, worth 81.29 million U.S. dollars, are in readiness to transport […]
IWT advised to SELL — IWT considers corporatisation or privatisation to recover losses
April 19, 2016 by
TO cover losses stemming from the water transportation business the Ministry of Transport and Communications is considering turning its Inland Water Transport programme to do either corporatisation or privatisation, said Union Minister for Transport and Communications U Thant Sin Maung yesterday. “The Asia Development Bank has suggested two options : Either corporatisation or privatisation for […]
Inland Water Transport to be Privatised under BOT System
November 25, 2015 by
The Inland Water Transport, which is currently under the Ministry of Transport, will change to a build-operate-transfer (BOT) system implemented in accordance with inland water transport law, said U Ye Win Tun, manager of the department. “Our department is still a government department. We are calculating the value of our department possessions such buildings, land […]
IWT Eyes Reform to Launch Commercial Services
October 29, 2014 by
The Myanmar Inland Water Transport (IWT) authorities have called for carrying out reform of its business services by going for joint venture operations with the private sector, according to the Ministry of Transport. Complaining that it has been operating its transportation services at loss, IWT under the ministry said it is facing challenges for transforming […]
