Myanmar project to be funded from Thailand?

Funding for a road project in Myanmar looks likely to come from Thailand. The project and the possibility of a finance package for the work has been discussed in Myanmar’s parliament. The funding would come in the shape of a loan worth US$136 million and would help pay for the construction of the two-lane link. The new road connection will run between Myanmar’s Dawei Special Economic Zone (SEZ) and Thailand.
September 28, 2017 Read time: 1 min
Funding for a road project in Myanmar looks likely to come from Thailand. The project and the possibility of a finance package for the work has been discussed in Myanmar’s parliament. The funding would come in the shape of a loan worth US$136 million and would help pay for the construction of the two-lane link. The new road connection will run between Myanmar’s Dawei Special Economic Zone (SEZ) and Thailand. Discussions have also been held between the two countries with regard to the planning and funding processes.
Finance & Funding

Related Content

  • A new expressway link for Myanmar
    June 10, 2020
    A new expressway link is planned for Myanmar.
    Read More
  • South East Asia highway to connect Myanmar, Vietnam, Thailand, Laos
    November 18, 2015
    Plans are in hand in South East Asia for an improved road link connecting Vietnam, Thailand, Myanmar and Laos. A loan from the Asian Development Bank (ADB) worth US$100 million will help fund the work for the 66.4km section running between Kawkareik and Eindu in Myanmar. The highway will run for some 1,450km in all. The road will be called the East-West Economic Corridor and is of key importance to open up trade and transport between these nations. Talks for this project are underway at present.
    Read More
  • Plans for infrastructure projects in South East Asia
    March 10, 2016
    Plans are being made for a series of major infrastructure projects in Myanmar and neighbouring Thailand in a bid to boost the transport network. To capitalise on the market potential, a consortium is being set up between Italian-Thai Development (ITD) and Chinese firms, including state-owned China Railway Engineering (CREC) and King Trillion. This partnership will invest in new infrastructure projects in Myanmar’s Dawei Special Economic Zone (DSEZ). The consortium plans to invest over US$396 million in cons
    Read More
  • Thailand highway and bridge projects underway
    September 27, 2017
    Plans are being up in Thailand’s capital Bangkok for a new expressway project in a bid to cut the city’s chronic congestion problem. This new route would provide a connection between the Western Outer Ring Road and Rama II Road. The project is being planned by the Expressway Authority of Thailand (Exat). Financing for the project worth US$918.3 million will be provided by the Thailand Future Fund (TTF). The new route will include an elevated stretch from Rama II's traffic island towards the Western Outer Ri
    Read More

Highlighted Content