Myanmar’s US$900mn Japanese loans for roads and other projects

Japan is to provide Official Development Assistance (ODA) loans worth more than US$900 million for road and other development projects in Myanmar. The multi-million dollar loan will be used for renovation and basic infrastructure in Yangon and for the Thilawa Special Economic Zone, said an official from Japan International Cooperation Agency (JICA). Currently, JICA is working on a master plan to develop Yangon, including more than 70 programmes that include renovation of the city's public transportation sys
August 15, 2013 Read time: 1 min
Japan is to provide Official Development Assistance (ODA) loans worth more than US$900 million for road and other development projects in Myanmar.

The multi-million dollar loan will be used for renovation and basic infrastructure in Yangon and for the Thilawa Special Economic Zone, said an official from 2416 Japan International Cooperation Agency (JICA).

Currently, JICA is working on a master plan to develop Yangon, including more than 70 programmes that include renovation of the city's public transportation system. Of the total loan, $380 million will be allocated for the Thilawa special economic zone project, which covers the construction of roads, bridges, drinking waters and electric power generation.
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