Japan, Myanmar hold talks on upgrading Yangon rail system

Myanmar officials have held talks with their Japanese counterparts to request loans to improve Yangon’s railway system and to streamline the Yangon-Thilawa rail transportation.

Hideo Watanabe, the chairperson of the Japan Myanmar Association and Myanmar’s Rail Transportation Minister Than Htay and their delegates led the talks.

The talks revolved around installing air-conditioned carriages, replacing old trains with modern ones, shrinking travel times and upgrading railways.

Minister Than Htay presented an urgent request for official development assistance loans and rail bus engine carriages from Japan.

The minister also asked for locomotives and freight and passenger carriages required to revive the Yangon-Thilawa railway, which is a vital transportation route for Thilawa Special Economic Zone and its harbour.

Improved and air-conditioned rail carriages with affordable fees are expected to be installed in Yangon this year. Furthermore, the Yangon Region government has hinted at the prospect of railway flyovers in 2015.

However, an official at the Rail Transportation Ministry said all the aforementioned improvements cannot be realised unless the Japanese government grants the required aid.

Renovation of the Yangon railway system is estimated to cost around US$2 billion.

Source: ELEVEN

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