The Second Pyidaungsu Hluttaw held the 12th-day meeting of 17th regular session yesterday, approving one bill and heard a loan proposal for construction of Thanlwin River crossing suspension bridge.
Pyidaungsu Hluttaw Joint Bill Committee Secretary Dr Myat Nyana Soe put forward each paragraph of the National Planning Bill for 2020-2021 financial year.
Deputy Minister for Planning, Finance and Industry U Maung Maung Win submitted a proposal for the bill which was then approved by the Hluttaw with the agreements of relevant Union-level organizations.
Thanlwin River crossing bridge
Union Minister for Construction U Han Zaw and Deputy Minister for Planning, Finance and Industry U Maung Maung Win brought a proposal before the parliament for getting 8.4 million euro loan that carries a zero interest rate from the UniCredit Bank of Austria.
Explanation of Union Minister U Han Zaw about the bridge
The loan is intended for construction of a suspension bridge that crosses Thanlwin River in Tarsan. The bridge number 1/187 is located on Namhsan-Mongnai-Mongton-Monghsat-Tachilek road that linked the southern and the eastern Shan State.
It is expected to become crucial for border trade between Myanmar and Thailand.
The new bridge in Tarsan will have the 60-tonnes capacity and it will be constructed upstream from the existing bridge that is allowed for only 16-tonnes load, prohibiting 10-wheeled trucks from crossing it.
Moreover, iron railings for the bridge will be imported from Europe, and that Myanmar engineers will get new experiences on installation of iron railings for the suspension bridge.
Proposal of Deputy Minister U Maung Maung Win for the loan
Deputy Minister U Maung Maung Win asked for the approval of Hluttaw for the loan proposal as it will be under the Union Budget Law for 2019-2020 FY, the Public Debt Management Law, the 2018 Mid-term Debt Management Strategy and the development policies.
The Pyidaungsu Hluttaw Speaker invited the list of MPs who want to discuss the proposal. The 13th-day meeting of Pyidaungsu Hluttaw will convene on 26 August.—Aung Ye Thwin, Aye Aye Thant (Translated by Aung Khin)