Japan Grants US$75million for New Thaketa Bridge, Teachers’ College, and Rural Electrification
June 5, 2014
On June 5, His Excellency Mr. Tateshi Higuchi, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of the Union of Myanmar, and Her Excellency Daw Lei Lei Thein, Deputy Minister for National Plannning and Economic Development, signed and exchanged the Notes for three Grant Aid projects in Myanmar, amounting to JPY7.7billion (equivalent to US$ 75 million).
1. The Project for Construction of New Thaketha Bridge (amount to JPY 4.2 billion (US$41million))
The Government of Japan will provide funding for construction of New Thaketha Bridge, which connects Yangon City center and Thaketha Area. This project aims to achieve smooth road traffic network in Yangon to respond to the increasing road traffic demand between the center of Yangon City and the developing SEZ in Thilawa Area along with economic development of Myanmar.
2.The Project for Improvement of Education College (amount to JPY2.5billion (US$24.4million))
This project aims to strengthen HRD for teachers. Through the construction of the new college buildings together with provision of necessary training equipments at Tawngoo Education College, teachers will obtain upgraded capacity, and thus this project should contribute to the quality improvement of the basic education in Myanmar.
3.The Project for Electrification of Rural Villages (amount to JPY 994million (US$9.6million))
The Government of Japan will provide mini-hydro power generators and back-up solar power generators in rural villages. This project aims to promote the electrification of the rural areas in poverty and improve the living condition of the people.