The Ministry of Planning and Finance and the Ministry of Electricity and Energy submitted a proposal to Union Parliament seeking a loan of 82.273 billion yen from the Japan International Cooperation Agency (JICA) to implement three projects including measures to reduce flooding and traffic congestion in Yangon city.

The proposal was submitted during a Union Parliament session held in Nay Pyi Taw on March 12. The projects aim to promote socio-economy in Yango and extend power supply in Yangon and Mandalay.

Maung Maung Win, Deputy Minister for Planning and Finance, said that with the Japanese loan, the Yangon sewerage development project and Yangon urban development project would also be implemented.

The Yangon City Development Committee (YCDC) will act as executing agency to implement those Yangon projects. For the sewage project, a feasibility study was conducted from November 2017 to February 2019. The project period is nine years from 2019 to 2028. For the urban development project, a feasibility study was conducted in 2016 and the project period is five years from 2019 to 2024.

The Yangon urban development project has three components—retaining walls, pumps and sluice gates—to reduce flooding. For reduction in city traffic congestions, measures will be taken such as construction of traffic islands, erecting of road and traffic signals and educative talks on traffic enforcement and safety.

A feasibility study on power supply improvement project was conducted in 2018 and the project period is from 2019 to 2026.

Of the JICA loan of 82.273 billion yen, 45.900 billion is for Yangon sewage project, 24.085 billion for Yangon urban development and 12.288 billion for urban power supply improvement.

Source: Daily Eleven

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