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Japan to Provide Over $1 Billion in Loans to Myanmar for Development Projects

YANGON—Myanmar and Japan have signed four loan agreements worth about US$1.1 billion (120.915 billion yen, or 1.61 trillion kyats) to fund sewerage, urban development, power distribution and infrastructure improvement projects in seven regions and states in Myanmar. The four Official Development Assistance (ODA) loan agreements were signed on Tuesday between Japanese Ambassador Maruyama Ichiro and […]

Invitation for Bids, Myanma Railways, Yangon-Mandaly Improvement Project Phase 2 (Deadline: 26 June, 2019)

  Date: 29 March 2019 Loan Agreement No: MY-P26 dated 29th March, 2018 IFB No: IFB-MR/BD/2105 The Government of the Republic of the Union of Myanmar has received a loan from Japan International Cooperation Agency (JICA) towards the cost of the Yangon Mandalay Railway Improvement Project Phase II. The Bid is invited by Myanma Railways […]

Japan envoy says development is solution for Rakhine

Japan’s top envoy to Myanmar said that economic development is an answer to Rakhine’s conflict and that Tokyo is considering providing aid for the state. “If there is economic development, I believe that there will be no conflict,” Japanese Ambassador Ichiro Maruyama said ahead of a Japan-backed investment fair in Ngapali. The first Rakhine Investment […]

JICA to lend US$100m to local SMEs in 2018-19

Japan International Cooperation Agency (JICA) will lend 11.5 billion Japanese yen (K151.685 billion) to small and medium-sized enterprises (SMEs) in the fiscal year of 2018-19 through domestic banks. This decision was officially announced on September 5. The JICA’s Official Development Assistance (ODA) two-step loan will be managed by state-owned Myanma Economic Bank under its SME […]

Facts show Myanmar doesn’t need Hanthawaddy despite govt’s obsession

The transport ministry is hoping to secure an Overseas Development Assistance (ODA) loan from Tokyo to resuscitate the failed Hanthawaddy airport project, according to the Department of Civil Aviation (DCA). However, the facts show that an airport 80km away from Yangon is unnecessary and that the focus should be on strengthening the infrastructure for the […]

Myanmar’s electricity goals depend on ODA

With 5.5 percent annual growth of gross domestic product, Myanmar was one of the fastest growing countries in ASEAN during 2011-2015. The growth of Myanmar’s economy is heavily influenced by the government’s focus on promoting special economic zones among investors.Subject to the implementation of this focus, infrastructure development in energy is vitally important to make […]

Yangon-Mandalay Train Journey will Shorten to 8 Hours by 2023

Japan has thrown its weight behind Myanmar’s railway development by funding the Yangon-Mandalay railway, according to the country’s foreign minister Taro Kono who held a joint press conference in the capital with State Counsellor Daw Aung San Suu Kyi on January 12. The railroad upgrade programme is expected to cut travel time between Yangon and Taungoo […]

Where Will Myanmar’s Energy Come From?

Myanmar’s high growth in electricity demand — rising by around 13 percent annually — is a challenge for the government. Demand is estimated to reach 4,500 MW by 2020 and 13,410 MW in 2030. Currently there is no plan to meet this high demand. High-level policy shifts and unclear policies within the cabinet and ministries […]

Circular Railway Upgrade Project to Start in October

The upgrading of the Circular railway is going to start in October 2017 said Myanma Railway deputy general manager U Zaw Lwin, as part of the governent’s efforts to improve public transportation. The upgrade would include installing of automatic signals, and acquiring brand new 66 DMEU carriages, according to Myanma Railway general manager U Htun […]

Yangon to Mandalay Railway Back on Track

The railway linking Yangon to Manda­lay has been slat­ed to receive a series of large-scale, overdue reno­vations. With a loan from the Japan International Co­operation Agency (JICA), the 385 mile stretch of rail will be revamped to meet international standards and halve transportation times. U Myo Win, General Manager of Myanma Rail­ways, told the Myanmar […]