1. On 3 March 2017 in Nay Pyi Taw, H.E. Mr. Tateshi HIGUCHI, Ambassador of Japan to the Republic of the Union of Myanmar and H.E. U Maung Maung Win, Deputy Minister for Planning and Finance, signed Exchange of Notes for one ODA Loan Project, which amounts to 10.787 billion Yen (approx. US$ 95.8 million), and one Grant Aid Project, which amounts to 2.263 billion Yen (approx. US$ 20.10 million).
2. Outline of the Projects
(1) ODA Loan
Hydropower Plants Rehabilitation Project
(Japanese Yen 10.787 billion, approx. US$ 95.8 million)
This project aims to rehabilitate deteriorated power generation facilities etc. of the Baluchaung No.1 Hydropower Plant and the Sedawgyi Hydropower Plant. This project will contribute to stabilizing electricity supply within Myanmar, promoting economic and social development, and upgrading Myanmar people’s lives.
This project is supplied with the conditions of
(1) 0.01% interest rate per annum
(2) forty years of repayment period (including ten years of grace period)
(3) untied procurement
(2) Grant Aid
Project for Expansion of Broadcasting Equipment of Myanma Radio and Television
(Japanese Yen 2.263 billion, approx. US$ 20.10 million)
This project aims to expand broadcasting equipment of Myanma Radio and Television, a national broadcasting station, assisting the production of expressive and high-quality broadcast programs and contributing to capacity-building for socio-economic development, including the promotion of national reconciliation.