September 19, 2017

Joint-venture company established for transportation

The signing ceremony for establishment of joint venture company in progress. Photo: MNA
The signing ceremony for establishment of joint venture company in progress. Photo: MNA

A JOINT venture signing ceremony was held between Road Transport under the Ministry of Rail Transportation and CJ Korea Express Asia Pte. Ltd at a ministry meeting room yesterday.
The ceremony established the CJ Korea Express RT Myanmar Co, Ltd which will operate road transportation and be based in Yangon. Managing Director of Road Transport U San Myint Oo signed the agreement with Mr. Lee Joon, head of the South East Asia of CJ Korea Express Asia Pte. Ltd and reached a land lease agreement with the Chairman of CJ Korea Express RT Myanmar Co Ltd Mr Lee Jae Hee.
The ministry offered CJ Korea Express RT Myanmar the deal for the freight and warehouse, goods transportation and services site which sits on a 3.25-acre plot of land. It is located in Insein Township, Yangon Region.
In the first operation by thejoint venture company 60 vehicles will be used to meet transportation requirements with an eye towards expanding in that number in the future.—Myanmar News Agency

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