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President’s €35.7M Hydropower Loan Plan Presented to Union Parliament

Deputy Minister for Electricity and Energy U Tun Naing presented President U Win Myint’s proposal to obtain €35.7 million (60 billion kyats) in loans from the French Agence Française de Développement (AFD), to be used for major repairs on five hydropower plants throughout Myanmar, to the Union Parliament on Tuesday. The ministry said that hydropower […]

Myanmar to establish high security laboratory, animal research centre next year

Myanmar will establish a high security laboratory- BSL 3 and a building where animals will be kept for research in 2019, according to the Ministry of Health and Sports. The projects will be implemented with 5 million euro in aid provided by EU and 22 million euro loaned from AFD. In cooperation with Myanmar’s National […]

Mandalay’s Amarapura water works, Invitation for Bids, Submission Deadline: 23 July 2018.

Loan/Grant No. & Title: Financing Agreement CBU 1005, Amarapura Water Supply and Sanitation Project Contract No. WTSN_AMPA_WORKS_2018-01 and Title: – Amarapura Water Works Deadline for Submission of Bids 23/07/2018 at (3:00 PM) 1. The Mandalay City Development Committee has received financing from the Agence Française de Développement (AFD). Part of this financing will be used […]

Dala-Twantay New Town is First Priority in Yangon Development Plan

​​ Plans are underway to establish numerous projects, including Dala-Twantay new town, a new airport, a deep seaport and a special economic zone on Dala side, Thilawa side and Kungyangon’s adjacent areas, according to a draft of the Yangon Urban Development Strategic Plan. Investment of US$15.86 billion has already been made in Dala-Twantay new town, […]

French aid to improve water supplies

The French Development Agency (AFD) and the Yangon City Development Committee (YCDC) signed on September 22 a €1,25 million grant agreement that aims at financing the improvement of water service management in Tarmwe Township in Yangon. The project seeks to implement a technical and commercial management model for the municipality’s water service in the pilot […]

Thirty development projects in pipeline in Mandalay through fiscal 2020-21

The regional Minister for Planning and Finance, U Myat Thu told the second session of the regional Hluttaw that the development projects will be implemented in two ways; some will be carried out with loans and some will be carried out with financial support. Nineteen of the projects will be carried out with the help […]

ADB to Help Improve Irrigation, Agriculture Production in Myanmar

​​ The FINANCIAL — The Asian Development Bank (ADB) has approved a $75 million loan to help strengthen Myanmar’s agriculture production and value chain development by improving and modernizing irrigation systems in three regions of the country’s central dry zone (CDZ). The Global Environment Facility is also providing a $4.79 million technical assistance grant to […]