Yangon Urban Transport Plan to cost US$24 billion

The Comprehensive Urban Transport Plan of Greater Yangon (YUTRA) will be implemented through a buy-operate-transfer agreement between the city government and private companies, as the government alone cannot afford the cost of the project, according to the Yangon City Development Committee.

The Japan International Cooperation Agency (JICA) has conducted surveys to assist in creating Myanmar’s National Transport Master Plan and YUTRA. JICA will support some projects, but the YCDC will implement most of the long-term projects using government loans on a yearly basis.

An official from the YCDC said: “We must implement the YUTRA plan. It is impossible to implement the project immediately due to financial and other difficulties. JICA has estimated that the project would cost about US$24 billion. We will start implementing parts of the project, but not as originally planned. For instance, the inner circular roads will be developed before 2025 as a mid-term project.”

JICA is implementing the Thakayta-Mingalar Taungnyunt bridge project, which is included in the YUTRA plan. JICA has also upgraded the traffic light system at the 8 Mile junction in Yangon

Source: ELEVEN

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