Japan is going to provide ¥ 4.22 billion (($41.25 million) to build a new bridge in Thaketa in Yangon, Japan International Cooperation Agency (JICA) said.
Under the grant aid, a new four-lane extradosed type bridge and access roads will be constructed.
This bridge, first of its kind in Myanmar, is planned to have 253 metre length and the construction will start from April 2015.
The Public Works department, Ministry of Construction will construct expansion of approach roads to the new bridge, JICA said.
The project aims to ensure better mobility and accessibility in greater Yangon city, contributing to smooth transportation to cope with the increase in economic activities and rapid traffic growth in Yangon City and its surrounding area, the Japanese lender added.
The agreement was signed by U Kyaw Linn, managing director of Public Works, Ministry of Construction, and Masahiko Tanaka, chief representative of JICA Myanmar.