Yangon – Mandalay upgrading loan agreement signed

Phase 1 aims is to improve the capacity of the route by rehabilitating and modernising the 260 km section of the north-south main line between Yangon and Toungoo.

MYANMAR: An agreement covering the ¥40·6bn third tranche of an official development assistance loan to finance Phase 1 of the Yangon – Mandalay Railway Improvement Project was signed by the government and Japan International Co-operation Agency on March 31.

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