Japan helps Myanmar maintain railroads

Japan has provided modern railway equipment to Myanmar to help the country maintain its railroads, official media reported Thursday.

The kinds of equipment, worth 5.327 million yens (about 53,270 U.S. dollars), was provided by the Japan International Transport Institute (JITI) to the state-run Myanmar Railways.

Myanmar has been seeking assistance from the Japanese government’s International Cooperation Agency (JICA) and other Japanese firms for the development of its rail transportation network.

The Japanese government proposed 11 projects for railway services to be implemented in 2013.

Among them, 265-kilometer (km) Yangon-Toungoo railroad section was set as the first phase of the Yangon-Mandalay railroad, while 172-km Toungoo-Yamethin section as the second phase and 177-km
Yemethin-Mandalay section as the third phase, the report quoted Myanmar Minister of Rail Transportation U Than Htay as saying.

Meanwhile, the East Japan Railway Company has vowed to help promote the development of Myanmar railway management and transport by sharing technical knowledge with the Myanmar Railways.

In June this year, Japan provided Myanmar with over 51 billion yens’ ODA loan, of which 17 billion yens was to be used for construction and renovation of infrastructure while 20 billion yen for development of infrastructure in Thilawa Special Economic Zone and 14.052 billion yen for upgrading power grid project and power stations in Yangon.

In October, Japan provided 5.4 billion yens more to promote various sectors in Myanmar which cover the development project of ICT system, establishment of disastrous weather monitoring system, improvement of TV programs and broadcast editing equipment of Myanmar Radio and Television (MRTV).

Source: Mizzima News Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here

If you are interested to be listed in our Service Provider Directory as a supplier of services or products that we can use to match with the needs of our clients in Myanmar please fill up the online form by clicking here