|Posted : 14 Nov, 2015 16:40:19||AA-A+|
$100m ABD loan to upgrade road in Myanmar
The Asian Development Bank will provide a 100-million-U.S. dollar loan to upgrade a major road in Myanmar, official media reported on Saturday.
The road, which is considered the "missing link" of the Greater Mekong Sub-region's East-West Corridor, will link Da Nang in Vietnam with Mawlamyine, the capital of Mon state and Yangon, said the Global New Light of Myanmar.
Along with the ADB-assisted project, Thai government is separately supporting improvement to a road linking Kawkareik and Myawaddy on the border with Thailand, while the section between Eindu and the main Yangon-Mawlamyine highway is being rehabilitated through a government-managed build-operate-transfer concession operated by a private Myanmar company.
The loan will be used to upgrade a 66.4-km section of a two-lane road between towns of Eindu and Kawkareik in Kayin State which also is also the principal cross-border road to Thailand. The project is estimated to be completed by September 2019.