Yangon-Mandalay railway upgrading to be put out for bids in Japan

Tenders to upgrade the Yangon-Mandalay railway will be open for bids in early 2017 in Japan, said U Tun Aung Thin, a general manager from Myanma Railway (Lower Myanmar office). Upgrading of this railway track is slated to be completed in the 2019- 2020 fiscal year. The aim of putting out tender bids in Japan […]

Yangon-Mandalay railroad to be upgraded with Japanese loan

NAY PYI TAW—The Japan International Cooperation Agency (JICA) will lend 20 billion Yen (Ks 192.4 billion) to the Myanmar government to upgrade the Yangon-Mandalay railroad, Minister for Rail Transportation Than Htay told a parliamentary session on Tuesday. The interest rate for the loan is set at 0.01 percent and is repayable in 40 years with […]