Home MMBIZ News Japan Gives $75m to Myanmar for Construction, Rural Electrification

Japan Gives $75m to Myanmar for Construction, Rural Electrification

The Japanese government will provide financial assistance worth $75.7 million for the development of construction and rural electrification in some areas of Myanmar.

Three memoranda of understanding (MoUs) were signed between Deputy Minister for National Planning and Economic Development Daw Lei Lei Thein and Japanese Ambassador to Myanmar Tateshi Higuchi in Nay Pyi Taw recently.

According to the MoUs, Japan will finance ¥4.22 billion ($41.3 million) for the construction of the new Thaketa bridge, ¥2.51 billion ($24.6 million) for the upgrade of the Institute of Education and ¥994 million ($9.8 million) for the implementation of rural electrification projects.

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