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POST TIME: 15 November, 2015 00:00 00 AM
ADB to provide $100m loan to upgrade road in Myanmar
Xinhua

ADB to provide $100m loan to upgrade road in Myanmar

Xinhua, YANGON: The Asian Development Bank will provide a 100-million-US dollar loan to upgrade a major road in Myanmar, official media reported yesterday. 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.