Nov 9, 2012

Myanmar spends $10.9b on construction projects

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.

Source: 11 Media Group