
Myanmar has obtained a loan of 80 million U.S. dollars from the Asian Development Bank (ADB) to upgrade a highway in southwestern Ayeyawady Delta, a semi-official media reported Sunday.
The loan, announced by the ADB, will be provided for upgrading a 54-kilometer section of Maubin-Pyapon road and bridges along the route as they were worst hit by Cyclone Nargis in 2008, the Global New Light of Myanmar said.
"Upgrading the Maubin-Pyapon road which traverses the southeast of the delta will dramatically improve connectivity, cut travel time, reduce transport cost and support economic development and livelihood opportunities for many poor communities," said a statement of the ADB.
The project is expected to complete by September 2018, the statement added.
ADB had provided Myanmar a loan of 60 million U.S. dollars in January this year which is being used in power sector covering installation of new transformer at sub-power stations in power supply system of Yangon, Mandalay, Magway and Sagaing regions, substitution of old power cables with new ones, installation of aerial bundled conductors at power lines and that of digital meters.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor