December 09, 2016

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MPs debate loans from JICA, KECF for infrastructure construction

Daw Thet Thet Khaing.
Daw Thet Thet Khaing.

MPs debated the issue of receiving loans from the Japan International Cooperation Agency-JICA and the Korea Economic Development Cooperation Fund yesterday at Pyidaungsu Hluttaw.
In her discussion, Daw Thet Thet Khaing, MP from the Dagon Constituency, supported a plan for construction of the Thanlyin Bridge-3 linking Yangon and southern districts, as the infrastructure would benefit socio-economic development in the areas.
However, she suggested the government implement necessary development projects in terms of the government-private cooperation partnership in the future without borrowing loans, and urged the government to implement projects which are sine qua non, or essential, for development of the country with the use of loans from foreign countries.
Members of Parliament supported the use of loans for infrastructure development, which could result in better transportation and smoother flow of commodities.
For the construction of the Bago River Bridge and the Thanlyin Bridge, JICA will grant loans worth of over US$31million with a low interest rate.
For the Twantay canal, the Korea Development Fund will grant US$61.3 million. They supported the project and raised concerns to clarify the survey for water flow, traffic flow, bank erosion and sedimentation issues for sustainable maintenance of the canal system.

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