Korea Eximbank Finances US$183 Million Myanmar Construction Project

The Export-Import Bank of Korea (Korea Eximbank) announced on Nov. 17 that it will extend US$183 million (214.57 billion won) in Economic Development Cooperation Fund (ECDF) loans to the “Korea-Myanmar Friendship Bridge Project and Myanma Railways Modernization Project” led by the Myanmar government. The EDCF is a bilateral official development assistance (ODA) loan program, which […]

Compensation for Yangon-Dala bridge to be paid this month

In an apparent effort to ensure good relations with local residents and avoid the problems that have dogged other development projects, local authorities have agreed to pay compensation in advance to people forced to move to make way for the Yangon-Dala Bridge. The committee set up for the purpose has announced that compensation will be […]