Plenglish, Feb 23,’16
South Korea and Maynmar governments plans to build expressways and roads over the next 20 years based on a master plan for Myanmar’s national road network, put together by a consortium of Korean enterprises with funding from the Korea International Cooperation Agency(KOICA).
The Yooshin Consortium worked on the master plan in cooperation with the Maymar government as part of the Korea International Cooperation Agency’s grant program. The road network development plans outline 34,378 kilometers of highways and roads. The master plan also provides advice on developing road networks, managing traffic demand, implementing strategies and guidelines as to financing.
The Export-Import Bank of Korea also has another EDCF project on the way that will develop a long-distance, 500 kilovolt power grid system in the Bago region of Myanmar.