Minister underscores need to make railway more competitive
TRANSPORT Minister U Thant Sin Maung admitted to the Amyotha Hluttaw (Upper House) last week that the public rail system is losing money because of declining ridership and underscored the need to make rail transportation more competitive.
He said it is the country’s responsibility to ensure a competitive and costeffective transport system.
The Asian Development Bank, which has been supporting the rehabilitation of the country’s transport infrastructure, told the ministry to focus on rail logistics.
U Thant Sin Maung said the government has to come up with a policy that will make the country’s transportation system more competitive and cost-effective, so that people will have a wider choice of transport systems.
“Government has to create a competitive market,” he said.
To bring competition to the transportation sector, time and arrangements are needed to ensure top quality, cost-effective investments, he added.
Myanma Railways has to repay a debt of US$126 billion.
“We are trying to attract the private sector, but as the break-even point in this business is reached only after 30 years, it is difficult to find investors,” he said.