Yangon-Mandalay railroad to be upgraded with Japanese loan

NAY PYI TAW—The Japan International Cooperation Agency (JICA) will lend 20 billion Yen (Ks 192.4 billion) to the Myanmar government to upgrade the Yangon-Mandalay railroad, Minister for Rail Transportation Than Htay told a parliamentary session on Tuesday. The interest rate for the loan is set at 0.01 percent and is repayable in 40 years with […]