German Bank to Loan €5m For Upgrades at Yangon Railway

​​ Myanmar is to re­ceive a €5 mil­lion loan from Germany’s KfW Develop­ment Bank for upgrades to the Ywa Htaung diesel locomotive shed, where trains are kept when not in use. Parliament passed a motion last week to ap­prove the loan, which will also be spent on upgrad­ing a training centre for repair workers. “We […]

Pyidaungsu Hluttaw approves 5 million euro loan from Germany for locomotive factory

Pyidaungsu Hluttaw passed the motion on borrowing 5 million euros from German KfW Development Bank for a Diesel Locomotive Shed in Ywa Htaung for Myanma Railways. Following a debate, the issue was put to a vote and passed 506 to 6. “It is required to give training to employees of Ywa Htaung locomotive shed because […]