BUSINESS – New bus service to launch in Rangoon

The Road Transport Administration Department (RTAD) is set to launch in September a new bus service for Rangoon commuters, in partnership with private company Forever Green Rights. The new service will comprise 75 Hyundai CNG buses imported from South Korea. RTAD director Tin Win Aung said that Forever Green Rights is investing 7.4 billion kyat (US$7.4 million) in the partnership, for which it will received 70 percent of profits, as well as occupying a 2.5-acre plot within the RTAD compound on a 30-year lease.