Japanese Government has been assisting comprehensive supports for infrastructure development of Myanmar through ODA loan to contribute for economic growth of Myanmar

Japanese Government has been assisting for infrastructure development of Myanmar through ODA Loan.

Japan provided 8 billion US Dollars ODA loan assistance to Myanmar to spend during five years period.

This ODA loan program started in 2016 by the pledge of the Japanese Prime Minister during the visit of State Counsellor Daw Aung San Suu Kyi in Japan so as to contribute for economic growth of Myanmar.

Ambassador, Embassy of Japan in Yangon (Myanmar), H.E. Ichiro Maruyama said “We are now providing various sectors for the infrastructure development in Myanmar. Transportation plays very important role for development of the country's economy, so we are carrying out for development of the transportation sector. We assist the main projects like Yangon-Mandalay railway improvement project and it is targeted to complete in 2025 by using 2.5 billion USD. We will also assist for the implementation of Yangon circular railway upgrading project and jetty construction in Mandalay to promote Inland water transport. We are now building Thaketa Bridge in Yangon.” 

Myanmar and Japan Governments jointly established Thilawa Special Economic Zone, and more than 50 percent of Japanese companies are investing there.  

Ambassador, Embassy of Japan in Yangon (Myanmar), H.E. Ichiro Maruyama said “Yangon Thilawa economic zone is the successful economic zone and over 100 companies are invested there among them, over 50 % of the companies are from Japan. And also, China, U.S., South Korea and Taiwan companies are the top investment companies in Thilawa SEZ. We intended the Thilawa special economic zone for industrial development and creating job opportunities. We want to promote closer relations between Japan and Myanmar.”

It is learnt that five billion US dollars worth of ODA loan have been spent in various types of development sectors so far. The remaining amount will be spent for poverty alleviation and rural area development program at far-flung areas in Rakhine, Kachin, Chin, Kayah, Kayin and Shan States. 

(Myanmar International TV Channel: https://www.myanmaritv.com/news/comprehensive-support-japan-assistance-socio-economic-devt-myanmar )

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