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Myanmar seeks over $100m for Asean connectivity project

Myanmar’s Construction Ministry is seeking the parliamentary approval for a US$120 million loan to upgrade the Kawkareik-Mawlamyine-Thaton Road, a part of the Greater Mekong East-West Economic Corridor. It plans to borrow US$100 million from the Asian Development Bank (ADB) and $20 million from the bank’s Asean Infrastructure Fund.

By Myanmar Eleven

Mawlamyine, Mon, Myanmar, September 2, 2015

The Nation

Myanmar’s Construction Ministry is seeking the parliamentary approval for a US$120 million loan to upgrade the Kawkareik-Mawlamyine-Thaton Road, a part of the Greater Mekong East-West Economic Corridor. It plans to borrow US$100 million from the Asian Development Bank (ADB) and $20 million from the bank’s Asean Infrastructure Fund.

 

More at The Nation

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