ADB loans nearly USD 500 million for highway
Last week, the Asian Development Bank (ADB) approved a loan of USD 483.8 million for a new highway linking Bago with Kyaiktiyo, Mon State. The 64-kilometer highway will be a key component of the Greater Mekong Subregion (GMS) East-West Economic Corri
USD 480 million loan approved for new highway
The Union Parliament approved a USD 483.8 million loan from the Asian Development Bank last week to construct a highway that will eventually connect Yangon with the east coast of Vietnam. The financing will help build the Bago-Kyaik Hto Expressway, a
Auditor general fears rising Chinese debt
A mere week after Myanmar celebrated 70 years of diplomatic relations with China, Auditor General U Maw Than has urged parliament to be wary of Myanmar’s growing Chinese debt. In a June 15 speech, Maw Than pointed out that China holds USD 4 bil
Government partners with Singaporean firm to complete infrastructure projects
The Ministry of Planning, Finance and Industry (MOPFI) has finalized an agreement with Singaporean firm Infrastructure Asia to help facilitate investment in new infrastructure projects. Under the deal, Infrastructure Asia will help the MOPFI connect
Myanmar may buy power from China
Myanmar may soon fill its electricity supply gaps by importing power from China. Ministry of Electricity and Energy Deputy Permanent Secretary U Soe Myint disclosed to the Myanmar Times that a feasibility study will soon be conducted on the possibili
