Yangon’s pe­riph­eral town­ships lack fund­ing, says chief min­is­ter

The Myanmar Times - - Business - Zay Yar Linn, trans­la­tion by Khant Lin Oo

The Yangon Re­gion chief min­is­ter said this week that he hopes to sup­port de­vel­op­ment in 12 town­ships that sit out­side the Yangon City De­vel­op­ment Com­mit­tee’s ju­ris­dic­tion, and cre­ate jobs for peo­ple at the edges of the city.

U Phyo Min Thein told a meet­ing of young en­trepreneurs on Au­gust 1 that more fund­ing is needed for the town­ships on the city’s out­skirts. He did not say how the money could be raised.

Yangon Re­gion’s 45 town­ships are sup­ported through the Union bud­get, but the 33 town­ships ad­min­is­trated by YCDC re­ceive ex­tra fund­ing raised through tax col­lec­tion in the city.

For­mer banker U Ye Min Oo, who at­tended the meet­ing, said a lack of in­vest­ment has crip­pled de­vel­op­ment in the city’s out­er­most town­ships.

“Job op­por­tu­ni­ties are rare in those town­ships and peo­ple have to work in the in­dus­trial zones such as Hlaing Thar­yar and Shwe Pyi Tar.”

Only K6 bil­lion of the Yangon Re­gion gov­ern­ment’s K40 bil­lion bud­get has been al­lo­cated to the 12 out­er­most town­ships, U Phyo Min Thein said. -

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