Myanmar Parliament will discuss whether to borrow a loan from Thailand to build a two lane road that will connect Dawei Special Economic Zone to Thailand.

The Ministry of Commerce says borrowing from Thailand to build a two-lane road that will connect the Dawei Special Economic Zone to Thailand will be discussed in parliament.

Thailand will offer a loan of 4.5 billion baht (US$136 million) for the construction of the road, and officials from both countries are now working on the project’s financial plan.

“Officials are working on the Dawei SEZ. As we’re borrowing money from Thailand, the cost for the road construction is still being calculated. As it will be a governmental loan, the parliament must discuss it,” says Khin Maung Lwin, a senior official from the ministry.

Officials from both countries held a coordination meeting recently to discuss the development of the Dawei SEZ and nearby areas.

Union Minister for Commerce Dr Than Myint met a delegation led by Japanese ambassador Tateshi Higuchi in early July to create a new master plan for the economic zone.

(Eleven Media Group: http://www.elevenmyanmar.com/business/11659 )

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