Prospective builders in the city of Yangon can now apply for permits online. The new paperless system by YCDC aims to streamline the ciy’s notoriously difficult permit-seeking process, according to a Myanmar Times report.
There are roughly 4000 building permit applications submitted each year in the fast-developing city. The YCDC claims the new system will reduce the average processing time by more than half. Previously, it took 95 days and that has reduced to 45 days.
The IFC, part of the World Bank Group, provided support for the new system. “Compared to other sectors, Myanmar’s construction sector has the highest earning potential. An efficient, transparent, and affordable permit system will enable a conducive business environment in Myanmar,” Vikram Kumar, IFC Country Manager for Myanmar, told The Myanmar Times.
