October 19, 2017

Myanmar negotiating 200 billion Euro loan from Belgium for riverbank upgrades

A boat carrying passengers is running past a sandbank in the Ayeyawady River.
A boat carrying passengers is running past a sandbank in the Ayeyawady River.

Myanmar is in discussion with Belgium to receive a 200 billion Euro loan that will be used to achieve better water flow by digging a sandbank in the Ayeyawady and Chindwin rivers.
According to a representative of the department of water resource and river development, a sandbank is dug each year depending on funding. Loans from other foreign countries are being pursued.
Good water flow of the rivers is vital for Myanmar’s transport and trade. The villages beside the rivers are always moving as the erosion around the river banks increases.
The department has already planned to dig sandbanks in 34 low-lying areas in the Ayeyawady River and 20 places in the Chindwin River over the next five years.
These efforts will not only achieve better and cleaner water flow but will also protect endangered species living in the rivers and reverse the effects of pollution, in cooperation with international countries.

 

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