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Published on : Wednesday, November 13, 2013
The East Japan Railway Company has vowed to help promote the development of Myanmar railway management and transport by sharing technical knowledge with Myanmar’s State Railways, official media reported Tuesday.
It was pledged by the Japanese company’s Executive Vice President Yuji Fukasawa when he met with Myanmar Minister of Rail Transportation U Than Htay in Nay Pyi Taw.
The two sides also focused on bilateral cooperation between the two parties with the Japanese company offering to donate locomotive and coaches to Myanmar as part of Japan’s Official Development Assistance (ODA) program, the report said.
In June this year, Japan provided Myanmar with over 51 billion yens’ ODA loan, of which 17 billion yens was to be used for construction and renovation of infrastructure while 20 billion yen for development of infrastructure in Thilawa Special Economic Zone and 14.052 billion yen for upgrading power grid project and power stations in Yangon.
In October, Japan provided 5.4 billion yens more to promote various sectors in Myanmar which cover the development project of ICT system, establishment of disastrous weather monitoring system, improvement of TV programs and broadcast editing equipment of Myanmar Radio and Television (MRTV).