ADB, JICA finance road and bridge project in Myanmar
The Asian Development Bank has approved a $483.8 million loan to build a 64km expressway connecting the capital of Bago region and the township of Kyaikto in Mon state, Myanmar. The project will support economic development along the Greater Mekong Subregion East–West Economic Corridor.
The expressway will include a 2.3km bridge across the Sittaung River. The Japan International Cooperation Agency will finance the New Sittaung Bridge construction with a JPY27.78 billion ($254.8 million equivalent) loan.
The project will help improve the ability of the Ministry of Construction to manage the country’s major toll highways and implement social and environmental safeguards. It will include a new community-based road safety program for villagers along the Bago–Kyaikto corridor.