Less Than One Percent of Rangoon-Dala Bridge Budget Allocated to Land Compensation

RANGOON — The government paid compensation to 66 landowners on February 17 to partially cover losses to be incurred during the construction of a bridge connecting downtown Rangoon with Dala Township. The five-year, South Korea-funded bridge project, also being called the Korea-Myanmar Friendship Bridge, will cost an estimated US$168 million. South Korea’s Economic Development Cooperation […]

Compensation for Yangon-Dala bridge to be paid this month

In an apparent effort to ensure good relations with local residents and avoid the problems that have dogged other development projects, local authorities have agreed to pay compensation in advance to people forced to move to make way for the Yangon-Dala Bridge. The committee set up for the purpose has announced that compensation will be […]

Parliament approves large loan for Dala-Yangon bridge build

The Pyidaugnsu Hluttaw has given the go-ahead to a US$138 million loan from South Korea to build a bridge between Yangon and Dala – a project that will cost nearly $170 million. The $137.8 million loan from South Korea’s Economic Development Cooperation Fund, which will go to Myanmar’s Ministry of Construction, gained approval on May […]