Yangon Region Chief Minister U Phyo Min Thein met with shopkeepers from Tamway Market yesterday to discuss plans for upgrading the market located in Tamway Township.

The Tamway Market will be established on 3.792 acres of land, and it will be a five-storey building with car parking and shop houses.

At the meeting, U Phyo Min Thein disclosed the government’s plan to upgrade all existing markets in the region to shopping malls as part of efforts for increasing the earnings of the government.

He also explained the law pertaining to markets, stressing the need for shopkeepers and administrators to abide by it. There are over 180 markets in Yangon, and they are managed by the Yangon City Development Committee (YCDC).

On behalf of the shopkeepers, five representatives asked the Yangon Region Government to start construction after an agreement is reached between the government and the current shopkeepers on the architectural design of the new market.

They also submitted eight demands to the Yangon Region Government.

Afterwards, U Phyo Min Thein and YCDC officials replied to questions raised by the shopkeepers at the meeting.

The design for the market was drawn with inputs from the Myanmar Engineers Association, Myanmar Architectural Association, and Hluttaw representatives.

There are over 60,000 shops in the 183 markets of Yangon Region, and the YCDC rents out the shops to shopkeepers by the rental system.

Section 184 under Chapter 21 of the 2018 Yangon City Development Committee Law gives the committee the right to upgrade, renovate, expand, lease, and close the markets.

The Tamway Market Project is part of the Yangon Project Bank. — Min Thit