- Nepalese Airlines to launch nonstop flight service to Yangon
- Buses remain least among 90,000 vehicles registered
- Korean firm to conduct feasibility study on water supplying projects in Yangon
- Credit Information Bureau to be formed
- ASEAN Economic Community Workshop held in Myanmar
- Vietnam-Myanmar economic seminar in Yangon
- Investment commission approves 33 companies in first quarter
- Gold price slumps in Myanmar
- US Dollar hikes but temporarily, Central Bank says
- Myanmar hardwoods to be exported to EU only in 2015
Myanmar spends $10.9b on construction projects
Published on Thursday, 08 November 2012 19:23
A part of Yangon-Nay Pyi Taw Express Way (photo - EMG)
Myanmar is spending US$10.94 billion for 24 road and bridge projects, the Ministry of Construction said.
The projects are divided into Union road section project, region and state road section project, and bridge project.
They are funded through official development assistance or ODA from the Japan International Cooperation Agency.
Although roads and bridges are being built across the country, there are no such plans in Kachin and Rakhine states yet, the ministry said.
The ongoing projects are in Ayeyawady, Magway and Yangon Regions, and Chin and Mon States.
The construction covers international transport routes and links including Asean and Asian highways.
The ministry will also construct concrete bridges along international and interstate highways.
Myanmar is in the process of asphalting and expanding international highways as it prepares to enter the Asean Free Trade Area in 2015, the ministry said.