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Overseas Offices
KOICA Designs Expressways Passing through All Four Directions in Myanmar
Administrator
02/22/2018

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KOICA Designs Expressways Passing through All Four Directions in Myanmar

 

 

Korea International Cooperation Agency (KOICA), the lead Korean government agency dedicated to providing grant aid programs, signed a Record of Discussion (RD) for designing the 764km section of central expressway that connects Myanmar’s north, south, east and west with the Ministry of Construction of Myanmar on February 13.

The project of ‘Feasibility Study on the Central Backbone Expressway of Myanmar’ is mainly consisted of ▲Basic design and feasibility study to improve the expressway(524km) that connects Yangon, Naypyidaw and Mandalay ▲Feasibility study to establish a new expressway(240km) between Yangon and Eungyeyokkaung and ▲Supporting Myanmar to organize workshops and roadshows for potential investors after completion. KOICA will mobilize nearly 5.8 million USD in funding for the project until 2020.

 Today, Myanmar is not equipped with sufficient roads; 75% of roads are unpaved and only one network of roads runs through South and North. The sole expressway between Yangon and Mandalay(524km) is now closed to trucking due to its poor ground and drainage. The expressway network measuring up to 1,360km among India, Myanmar and Thailand is under construction, which is necessary to improve road structure and stability to activate logistics.

 Through the project, KOICA will secure economic efficiency of Myanmar by improving the section of expressway between South and North and constructing a new East and West expressway and will establish the foundation for its economic growth in tourism, logistics and industry. Furthermore, we will contribute to the achievement of sustainable development goals (SDGs) and reduction of socio-economic losses through balanced regional development, reduced transportation time and cost, improved car energy efficiency, and secured road traffic safety.

“The feasibility study findings will provide the basis for transportation infrastructure and contribute to the protection of surrounding environment and natural resource”, said the Union Minister of Construction, U Han Zaw.

 

 To check out the above article in Korean, please visit the following link:

http://www.koica.go.kr/pr/headline_foreign/1325932_3461.html

 

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