Tender planned for $2b Yangon-Mandalay railway upgrade

A Tender for private companies to work on a US$2.2 billion upgrade of the railway linking Myanmar’s two largest cities will be called at the end of this year, an official said yesterday. Work on the Yangon-Mandalay railway, led by the Japan International Cooperation Agency, is scheduled to start next year and should be complete […]

JICA, govt to finalise railway upgrade loan

Japan will loan Myanmar US$200 million of the $500 million required to upgrade the Yangon-Mandalay Railway early next year, a Japan International Cooperation Agency official said last week. While JICA has not committed to financing the remaining $300 million, chief representative Tanaka Masahiko said it was the “first batch” of several payments for the upgrade, […]