Mar­ket li­cences to be auc­tioned in Nay Pyi Taw

The Myanmar Times - - News - SWAN YE HTUT swanye­htut@mm­times.com

THE cap­i­tal’s mar­kets will soon be up for grabs to the high­est bid­der.

Hop­ing to in­crease both gov­ern­ment rev­enue and em­ploy­ment op­por­tu­ni­ties in the re­gion, the Nay Pyi Taw City Devel­op­ment Com­mit­tee is auc­tion­ing off li­cences to op­er­ate 28 of the mu­nic­i­pal­ity’s mar­kets.

U Maung Maung San, di­rec­tor of the com­mit­tee’s mar­ket depart­ment, an­nounced that the li­cence auc­tion will take place at Nay Pyi Taw City Devel­op­ment Com­mit­tee’s City Hall on Oc­to­ber 28 at 10am.

“Cur­rently mu­nic­i­pal work­ers are be­ing em­ployed to col­lect rental fees from the mar­ket’s ven­dors. Af­ter the mar­ket is pri­va­tised, we can re­as­sign these work­ers to clean the mar­ket in­stead. Then there will be more job op­por­tu­ni­ties as the pri­vate con­trac­tors will need to hire em­ploy­ees to col­lect fees on their be­half,” he said.

The li­cences be­ing auc­tioned will be valid for a five-month pe­riod from Novem­ber 1 to March 31. Suc­cess­ful bid­ders will have to pay a pre­mium fee fixed at 10 per­cent of the mar­ket’s floor price.

Cur­rently Ak­wat Gyi 4 Mar­ket is be­ing of­fered at the high­est pre­mium – K3.75 mil­lion. The next high­est pre­mi­ums are for the li­cences for Thapya Kone and Aharya Thukha mar­kets.

The new li­cence hold­ers will be al­lowed to col­lect K100 per 4-by-4 square feet of space. This is dou­ble the rate cur­rently col­lected by the mu­nic­i­pal­ity.

De­spite this, some mar­ket ven­dors do not seem to be too con­cerned by the pos­si­ble price hike.

“It is not a prob­lem for us if we have to pay higher fee for a mar­ket space. How­ever, we want a wider store-front and would like to ne­go­ti­ate with the mar­ket’s new own­ers for this,” said Daw Hla Kyi, a green­gro­cer from Aharya Thuka Mar­ket.

– Trans­la­tion by Zar Zar Soe

Photo: Swan Ye Htut

Li­cences for 28 of Nay Pyi Taw’s mar­kets will be up for auc­tion on Oc­to­ber 28.

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