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July 18, 2019

YCDC earns K180 mln a year from Aungmingala, Dagon Ayeya bus terminals

The Yangon City Development Committee earns roughly K180 million every year in rent from shops and bus gates at the Aungmingala and Dagon Ayeya highway bus terminals, said U Maung Maung Soe, the Yangon Region Development Affairs Minister.
“At present, the Aungmingala Highway Bus Terminal has a total of 616 shops and 259 bus gates. The YCDC collects a monthly rental of K2,000-K7,000 from shops, based on their size, earning K85.113 million a year. It collects a monthly rental of K3,000-K7,000 per bus gate, earning K17.046 million per year. The annual income generated from the YCDC’s leasing out of shops and bus gates at the terminal exceeds K100 million,” he added.
“Currently, there are 209 shops and 82 bus gates at the Dagon Ayeya Highway Bus Terminal in Hlaingthaya Township. The YCDC collects a monthly rental of K3,000-K5,500 from shops, depending on their size, earning approximately over K72.5 million per year. It collects a monthly rental of K5,500 per bus gate, earning over K5.4 million per year. The annual income thus generated exceeds K78.2 million,” said U Maung Maung Soe at the fourteenth meeting of the second Yangon Region Hluttaw’s ninth regular session, held on Thursday.
The YCDC began leasing out shops and bus gates at the Aungmingala terminal in 2002, and at the Dagon Ayeya terminal the following year.
“The income generated by the YCDC is vital for Yangon Region. The current capital expenditure is higher than the income. The gap between income and expenditure is about 7 per cent. The construction sector accounts for a major portion of the capital expenditure,” he added. (Translated by Khaing Thanda Lwin)

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