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September 18, 2019

ROK’s Eximbank to assist Myanmar’s IT Infra-Network Expansion Project

Ministry of Communication and Information Technology and the Export-Import Bank of Korea sign for IT project
Ministry of Communication and Information Technology and the Export-Import Bank of Korea sign for IT project.

Myanmar’s Ministry of Communication and Information Technology and the Export-Import Bank of Korea signed an agreement on implementing the IT Infra-Network Expansion Project in Myanmar on 17 March.
The loan agreement worth $55.874 million was signed by General Manager U Khin Maung Tun of Myanma Posts and Telecommunications and Director Mr Yim Seoung Hyeog of Korea Eximbank in the presence of Deputy Minister U Thaung Tin, who made a keynote address at the signing ceremony.
The loan will be disbursed by South Korea’s Economic Development Cooperation Fund. The funds will pay for expansion of high-speed fiber links between Taunggyi and Mandalay; Mandalay and Myitkyina, Dawei and Kawthoung; and Magway and Sittway.

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