Myanmar, Japan sign funding agreement for port, water projects

Union Minister for National Planning and Economic Development Dr Kan Zaw witnesses signing of funding agreement between Myanmar and Japan.—MNA
Union Minister for National Planning and Economic Development Dr Kan Zaw witnesses signing of funding agreement between Myanmar and Japan.—MNA

Nay Pyi Taw, 19 March — Japan on Thursday agreed to provide some 6.38 billion yen (K 54.68 billion) for a port modernization project and the upgrading of water systems in Yangon and Mandalay.
Myanmar and Japan signed three exchanges of notes — 1.72 billion yen assistance for Project for Port EDI for Port Modernization, 2.1 billion yen for Reduction of Non-Revenue Water in Mayangone Township in Yangon, and 2.56 billion yen for Improvement of Water Supply System in Mandalay.
The exchange of notes were signed by Deputy Minister for National Planning and Economic Development Daw Lei Lei Thein and Japanese Ambassador to Myanmar Mr Tateshi Higuchi in the presence of Union Minister for National Planning and Economic Development Dr Kan Zaw, and the directors general of the Ministry of Foreign Affairs, Ministry of Transport, Ministry of Finance, Union Attorney General Office, and Yangon and Mandalay City Development Committees.—MNA

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