Yangon-Dala Friendship Bridge to take five years to build

The Construction Ministry will sign a consultant contract agreement after obtaining approval from the Union government for the Yangon-Dala Bridge project within eight months. There are immediate plans to develop detailed designs for the bridge, includingtraffic management. The ministry got reviews from the Ministry of Planning and Finance and the Union Attorney- General’s Office on […]

Korea Eximbank Finances US$183 Million Myanmar Construction Project

The Export-Import Bank of Korea (Korea Eximbank) announced on Nov. 17 that it will extend US$183 million (214.57 billion won) in Economic Development Cooperation Fund (ECDF) loans to the “Korea-Myanmar Friendship Bridge Project and Myanma Railways Modernization Project” led by the Myanmar government. The EDCF is a bilateral official development assistance (ODA) loan program, which […]