Yangon receives ADB loan to improve water supply system

The Asian Development Bank (ADB) has approved a US$180 million loan to develop and upgrade the water supply system in Yangon.

This comes after the Yangon City Development Committee (YCDC) applied for funds under the Cities Development Initiative for Asia (CDIA) for the Yangon City Water Resilience Project.

The CDIA is an ADB-backed fund assisting secondary cities in Asia and the Pacific to prepare sustainable and bankable infrastructure projects

“The Yangon City Water Resilience Project will address critical water infrastructure needs associated with bulk water supply in Yangon City and strengthen water security. Safe piped water also comes with better sanitation and hygiene, which is critical to controlling the spread of COVID-19,” said ADB Principal Urban Development Specialist Alan Baird.

The ADB will finance the water supply pipeline portion of this project. It will provide a US$180 million loan to construct a 34-kilometer water transmission system that will help transfer 818 million liters of water a day to Yangon, the largest city in Myanmar.

Yangon accounts for 23 percent of Myanmar’s GDP. With 5.2 million people, it has 10pc of the country’s population. But while the city’s population rose 2.2pc per
year on average from 2014 to 2019, fewer than half of all households have access to piped water. For many of those customers, water services are intermittent and
water quality varies.

Currently, the Yangon City Development Committee (YCDC) is seeking to address these issues with the support of ADB.

The ADB’s assistance will help the government build new infrastructure, such as an intake structure at the Ngamoeyeik Reservoir, an online pumping station 900
meters downstream, and a dedicated 2.4 meter-diameter pipeline connecting the reservoir to the Nyaungnhapin water treatment plant.

The project will strengthen YCDC’s ability to operate and manage water services and become more responsive to climate change. It will also help YCDC to prepare a
roadmap to strengthen its self-financing capacity and meet the growing demands for water services.

“To see the original article click link here”

Source : Myanmar Times

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”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar