Myanmar will build the road connecting Thai- Myanmar border to Dawei Special Economic Zone (SEZ) by using the loans from Neighbouring Countries Economic Development Agency (NEDA)

Myanmar will build a road connecting the Thai-Myanmar border to the Dawei Special Economic Zone using loans from Neighboring Countries Economic Development Cooperation Agency (NEDA).

The Ministry of Construction, Myanmar, and Neighboring Countries Economic Development Cooperation Agency (NEDA) signed the Record of Discussion (ROD) agreement for the new road earlier this year.

“ROD is about technical assistance for Survey and Detailed Design Project for the road to be built connecting the Thai-Myanmar border and Dawei’s SEZ,’’said U Han Zaw, Union Minister of the Ministry of Construction.

Pyidaungsu Hluttaw approved the proposal to borrow ฿4.8 billion from Thailand for the project.

Upon the completion, Myanmar will be able to easily export fishery products from the region to Thailand, as well as other countries. The road is also expected to bring in social and economic benefits.

“This project is beneficial for the two countries, and we hope to implement it as soon as possible,’’said Mr. Perames Vudthitormetiraks, President of NEDA.

Moreover, it will also develop tourism in the country, and both parties are committed to implementing it as soon as possible.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/myanmar-build-road-dawei-sez-using-neda-loans )

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