Japanese-based Itochu Corporation will build a Yangon-Thilawa bridge as part of the Thilawa special economic zone project, according to the Ministry of Construction.
A Japanese delegation, led by Koji
Umemoto from Itochu Corporation, met with construction minister Kyaw
Lwin to discuss matters relating on implementation of construction
project in Nay Pyi Taw on August 15.
Japan is the main investor in the
Thilawa Special Economic Zone (SEZ), and will be providing basic
infrastructure for the construction of the industrial zone deep sea port
as well as building the Yangon-Thilawa bridge.
The bridge will cross the Bago River
connecting the Thilawa industrial area to central Yangon although the
Ministry of Construction has yet to announce a site.
Upon completion of the bridge, local
residents will be able to cross three bridges between Yangon and
Thanlyin, KyaukTan, Khayan, Thonegwa townships and the Thilawa
industrial area.
Japan is giving first priority to
infrastructure projects such as the construction of the NgaMoeyeik
bridge, the Yangon-Thilawa bridge and upgrading the Yangon-Mandalay
highway as well as Yangon’s housing and city development.
Most of these projects will be carried
out the Japanese development aid and assistance. The Japanese government
will lend US$ 446.86 million to Myanmar in this fiscal year and has
agreed to provide over US$ 980 million in loans for the 2016-2017 fiscal
year.
Itochu Corporation was founded in 1858
and is based in Osaker and Tokyo. Marubeni Corporation, one of Japan's
most famous companies and also a partner of Itochu, is planning to
invest in generating electricity, upgrading railroads and constructing
basic infrastructures for the Thilawa SEZ.
source: Eleven Myanmar
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