• Burmese
Tuesday, December 5, 2023
No Result
View All Result
NEWSLETTER
The Irrawaddy
33 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Letters
  • Junta Watch
  • Ethnic Issues
  • Features
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Letters
  • Junta Watch
  • Ethnic Issues
  • Features
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

Businessmen Want $250,000 Back for Tollgate Bids

by Salai Thant Zin
April 5, 2016
in Business
Reading Time: 2 mins read
A A
Businessmen Want $250

Bidders of tollgates hold a press conference in Pathein

4k
VIEWS
Share on FacebookShare on Twitter

PATHEIN, Irrawaddy Division — Irrawaddy Division businessmen have asked for the return of more than US$250,000, which they paid to bid for tollgate operating licenses, after the Ministry of Construction closed 22 tollgates in the division earlier this month.

The Construction Ministry closed 161 of its 302 official tollgates across Burma as of April 1.

RelatedPosts

Myanmar Regime Runs Low on Dollars, Increasing Fuel Prices

Myanmar Regime Runs Low on Dollars, Increasing Fuel Prices

December 4, 2023
4.8k
Myanmar’s Civilian Government Takes Control of Seized Funds

Myanmar’s Civilian Government Takes Control of Seized Funds

December 1, 2023
23.8k
Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

November 27, 2023
29.9k

“We welcome the government’s plan not to charge tolls anymore, as it saves people money,” said Win Lin Htet, who won a government tender to operate one of these recently closed tollgates. “But, we want the money back that we paid to bid for toll collection.”

In the past, the Ministry of Construction set a base price for tollgates and then let private businessmen bid for the tender. Later, as this attracted large numbers of businessmen, the ministry changed its system, issuing the one-year tollgate licenses through a lottery system.

To enter the lottery, applicants had to pay 10 percent of the base price of the tollgate as a deposit, plus about $80 for tollgates that had base prices below $25,000; $160 for those with base prices between $25,000-50,000; and $240 for those with base prices above $50,000; as an expression of interest.

There were 22 tollgates in the Irrawaddy Division with base prices below US$25,000, and five tollgates with base prices above that amount. Businessmen hired dozens of people to enter the lottery on their behalf, to increase their chances of winning. Each tollgate had between 150-300 bidders.

All 22 tollgates with base prices below US$25,000 in the Irrawaddy Division were closed on April 1. Almost 3,000 people bid for these tollgates, and paid over US$270,000 to the government through the Construction and Housing Development Bank.

“We spent [almost US$30,000] to win the tender for three bridges,” said businessman Soe Soe from Myaungmya.

But with those tolls now closed, he said he wants that money to be returned.

Irrawaddy Division Ministry of Construction officer Aung Myo Htut said 75 percent of the payments had been put into the division’s development fund, and the remaining 25 percent went into the Union-level budget. He added that the Union-level construction minister would decide whether to return the money or not.

Construction Minister Win Khaing was scheduled to meet the recently appointed state and divisional construction ministers in Naypyidaw on Tuesday.

Your Thoughts …
Tags: A_Factiva
Previous Post

Ten Things To Do In Rangoon This Week

Next Post

Burma’s Former President Thein Sein Joins Monkhood

Salai Thant Zin

Salai Thant Zin

The Irrawaddy

Similar Picks:

Inspiring Women of Burma  

Inspiring Women of Burma  

March 18, 2016
32.3k
Burmese Director Explores Same-Sex Relationships in New Film

Burmese Director Explores Same-Sex Relationships in New Film

January 28, 2016
7.9k
Australian-Karen Actress: ‘I Hope Karen People Will Have the Right to Self-Determination’

Australian-Karen Actress: ‘I Hope Karen People Will Have the Right to Self-Determination’

January 18, 2016
13.1k
Burma’s Media Landscape Through the Years

Burma’s Media Landscape Through the Years

May 4, 2016
13k
Burma’s Death Highway: ‘We Have to Take Preventive Measures’

Burma’s Death Highway: ‘We Have to Take Preventive Measures’

August 18, 2015
5.7k
Lucky Numbers in the Quest for Peace

Lucky Numbers in the Quest for Peace

September 10, 2015
8.3k
Load More
Next Post
Burma’s Former President Thein Sein Joins Monkhood

Burma’s Former President Thein Sein Joins Monkhood

Advocates Demand More ‘Humane’ Drug Policy Ahead of UN Summit

Advocates Demand More ‘Humane’ Drug Policy Ahead of UN Summit

No Result
View All Result

Recommended

As Myanmar’s Junta Loses Control, Its Coup Leader Ratchets Up His Blame Game

As Myanmar’s Junta Loses Control, Its Coup Leader Ratchets Up His Blame Game

4 days ago
7.4k
Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

1 week ago
29.9k

Most Read

  • Depleted Myanmar Military Urges Deserters to Return to Barracks

    Depleted Myanmar Military Urges Deserters to Return to Barracks

    shares
    Share 0 Tweet 0
  • Full Civilian Rule Restored in First Large Town Seized by Myanmar Resistance: NUG

    shares
    Share 0 Tweet 0
  • Myanmar Resistance Fights to Seize Bago Town Near Yangon-Naypyitaw Road

    shares
    Share 0 Tweet 0
  • Myanmar Regime Snatching Civilians Across Rakhine State as Fighting Rages  

    shares
    Share 0 Tweet 0
  • Myanmar Regime Runs Low on Dollars, Increasing Fuel Prices

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Letters
  • Ethnic Issues
  • Features
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.