Myanmar suffers power cuts amid turmoil, rising costs

Myanmar suffers power cuts amid turmoil, rising costs Myanmar is suffering frequent power outages following last year’s military coup and as energy prices rise. The military-controlled electricity and energy ministry says transmission equipment at hydro-power plants has been destroyed by militant forces. The ministry also says some natural gas-fueled power plants have suspended operations because […]

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Suspended International Infrastructure Projects Resumed in Myanmar

Suspended International Infrastructure Projects Resumed in Myanmar A number of development projects implemented with Official Development Assistance loans from Japan and South Korea have restarted after they were suspended following last year’s coup. Among the projects are the Yangon-Dala Bridge, funded by South Korea, and the Thanlyin Bridge and the upgrading of the Yangon circular […]

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India-Myanmar Road Project Nearing Completion, Says Mizoram Governor

India-Myanmar Road Project Nearing Completion, Says Mizoram Governor India entered into a framework agreement with Myanmar in April 2008 to facilitate the implementation of the project. Mizoram Governor Hari Babu Kambhampati has said construction of the 87-km stretch of a cross border road between the state’s Lawngtlai town and neighbouring Myanmar’s Sittwe port is nearing […]

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“Very large contraction” predicted for Myanmar as investors flee turmoil

“Very large contraction” predicted for Myanmar as investors flee turmoil As the post-coup situation in Myanmar worsens investors have suspended or cancelled major infrastructure projects, causing a “very large contraction” in the country’s construction market with the prospect of growth pushed back to the second half of the decade, according to Fitch Solutions Country Risk […]

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