doing business in myanmar – what you need to know as a singaporean
Railways authorities are planning to install a modernized train monitoring system (TMS) in Yangon-Mandalay railway using a loan from official development assistance (ODA) from Japan, according to Ministry of Transportation and Communications.
“We planned one billion Yen for the TMS to modernize Yangon-Mandalay railway,” said an official from the ministry.
The Japanese International Cooperation Agency (JICA) will provide US$270.64 billion to upgrade the railway under a five-year plan.
The railway is 385.5 miles in length and six express trains, two postal trains and four other trains running between Yangon and Nay Pyi Taw will operate on it.
“The ministry has to supervise tender selection process to avoid wrong steps since 2017. We will have to submit it to the ministry. Now we are planning to sign an agreement. The project is expected to start in July,” he said.
Myanma Railways will use two out of eighteen new locomotives bought from India in Yangon-Mandalay railway.
India agreed to loan more than US$200 million to Myanmar to buy new locomotives and to maintain infrastructures.
Source : Eleven Myanmar
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