Japanese Loans Aids Myanmar on Four Projects

Asian countries will continue to play a major role in placing investment in Myanmar. Japan, for example, has maintained a close relationship with the Myanmar government with Tokyo undertaking several government-to government initiatives that will provide soft loans and other forms of support to improve basic infrastructure.

Minister of Finance U Win Shein, during the ongoing parliament session, announced that Myanmar will use approximately $610-million, a new Japanese loan, for implementing four projects, namely upgrading of Yangon- Mandalay railroad, water supply in Yangon, infrastructural development in Thilawa Port and development of irrigation facilities in the western Bago region.