Thursday, August 03, 2006

Construction: Myanmar gets help from India to help build infrastructure

India is to help Myanmar in building its infrastructure. Minister of State for External Affairs E Ahamed, said, "The government has decided to take up the Kaladan multi-modal project (KMMP) and the Tamu Kalewa-Kalemyo road project (TKKRP) in Myanmar for improving the connectivity between Indian ports on the eastern coast and Sittwe port in Myanmar.”

India will contribute $95.4 million to the project which is estimated to cost around $105.4 million.

He also announced the government was proposing to extend a credit line of $10 million to Myanmar to help meet its contribution in the project.