Myanmar real estate news

ODA Loan of Japan Government supported with six projects for Myanmar

Myanmar real estate news Japan International collaborating Association (JICA) will help with reasonable interest rates in six projects of Myanmar government which Official Development Association Loan (ODA load) of Japan government for Myanmar.

Those ODA Load is having approximately total USD 1,190 billion value and concerning that loan, JICA and Myanmar government were signed on loan agreements in this earlier month.

Thilawa special business zone, raising foreign investment and decrease poverty and agriculture and long term investment, urban water contribution, to get electricity and rail trading sectors raising from that developing Myanmar business sector will be support with reasonable price to each of them.

The rates of yearly loan of that interest is 0.01 percent and including pending period ten years and to pay back is necessary period for 40years.

The detailed project of six which getting loan support are Pago bridge construction project, to reduce poverty and develop region project stage 2, double loan for Agriculture and region development, Yangon City supporting project , Development project and spreading electricity in main city and Yangon-Mandalay rail way development project stage 1.