Myanmar expressway loan proposed

A loan is proposed to help finance a key Myanmar expressway link.
By MJ Woof July 30, 2020 Read time: 1 min
A loan could finance a new expressway link in Myanmar – image © courtesy Peter Hermes Furian, Dreamstime.com

A loan is being proposed as the financing solution for Myanmar’s Bago-Kyaikhto Expressway. The Myanmar Government is considering asking the Asian Development Bank (ADB) to supply a loan of close to US$4484 million for the project.

The Bago-Kyaikhto Expressway will form part of the Greater Mekong economic corridor, which is why it has importance as a transport route for East Asia as a whole and not just for Myanmar. This importance is why the Myanmar Government believes that the ADB should provide such a significant portion of the financing required.

The 62km Bago-Kyaikhto Expressway will feature two lanes in either direction. The route will connect eastern Yangon, including Kayan, Bago, Thanlyin, Thanetpin, Thilawa, Thonegawa. The Greater Mekong corridor meanwhile will connect Myanmar with Vietnam, running though Thailand and Laos. The route is of particular importance to landlocked Laos as it will give improved access to ports in Myanmar and Vietnam.

Finance & Funding

For more information on companies in this article

Related Content

  • Bihar crossing for Ganges River
    November 16, 2016
    A loan facility from the Asian Development Bank (ADB) will help fund work on the project to construct a new bridge over the River Ganges in India’s Bihar State. Because of the width of the river at this point, the bridge will be close to 10km in length, making it the longest in India. The new bridge will improve transport connections between the north and south of the state and the project is expected to cost around US$500 million. Building the bridge will help develop transport and trade in the area, as we
    Read More
  • Vietnam highway project receiving South Korean funding?
    November 3, 2017
    Vietnam’s Belt Road Three project is being planned at present, with some of the financing still being sought. The route will run between Tan Van District and Nhon Trach District, crossing the Dong Nai River. The project is expected to cost US$2.46 billion to construct and will feature four lanes initially, with additional lanes being built in future phases. The 89.3km route has been approved and runs through the provinces of Binh Duong, Dong Nai and Long An, as well as through the outskirts of Ho Chi Minh
    Read More
  • Armenia north-south highway route
    October 9, 2017
    Plans are being drawn up in Armenia for the new North-South Highway project.
    Read More
  • Highway work boost in North Africa
    August 21, 2012
    North Africa is seeing construction business return - Mike Woof reports After a troubled period, stability looks to be returning to North African nations, which can only be good for the road construction sector. First Tunisia, then Egypt and finally Libya saw tumultuous revolts against the previous autocratic (and in one case at least, despotic) rulers. All three nations are now benefiting from a return to stability, with economic growth also improving once more.
    Read More

Highlighted Content