Ks3.65 billion proposed by president for development of Rakhine State

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President of the Republic of the Union of Myanmar U Htin Kyaw has sent a proposed budget of Ks3.65 billion for the development of Rakhine State to the Pyidaungsu Hluttaw yesterday.
Deputy Minister for Agriculture, Livestock and Irrigation U Hla Kyaw and Deputy Minister for Finance and Planning U Maung Maung Win explained the allocation of the Ks3.65 billion for socioeconomic development of Rakhine State would come from the reserved funds submitted by the president under the 2016 Union Budget Law at the Pyidaungsu Hluttaw session.
The budget allocation will be spent on conduits and inter-village roads as the decision to do so was made by the Rakhine State Stability and Development Implementation Committee, according to the deputy ministers.
Hluttaw Representatives were then invited to debate the motion at future sessions.
Deputy Minister for Electric Power and Energy Dr. Tun Naing explained the need to borrow 10.787 billion Yen from the Japan International Cooperation Agency for the maintenance of the Beluchaung Hydropower Plant (1) and the Hsedawgyi Hydropower Plant.
The motion was also sent to the session by the president.
Japanese and Myanmar engineers have inspected the Beluchaung power generation plant six times and it was found out that it was necessary to carry out extensive maintenance tasks from 2017 to 2023 for the plant to reach its full capacity.
Similarly, the Hsedawgyi Hydropower Plant, which has been operating continuously for 28 years, has suffered from wear and tear of its machinery and needs major maintenance. As a result, maintenance tasks will be carried out from the 2017-18 fiscal year to the 2023-24 fiscal year.

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