"Myanmar junta seeks loan for Muse-Mandalay railroad project from China" 25 March 2024

The Myanmar Military Council’s Financial Analysis Committee say they are trying to get a soft loan from the Chinese government for the construction of the Muse-Mandalay railroad project...

The Ministry of Transport and Telecommunication which is the main player in this project has started to resume the implementation of this project worth US$ 8.9 billion since mid-2022...

This Muse-Mandalay railroad will be the main artery of China-Myanmar border trade and it will be a part of China-Myanmar Economic Corridor (CMEC) and also the initial step of the Kunming-Kyaukphyu railroad...

The call for the loan comes as the country lies in the doldrums financially. According to the data released by the International Monetary Fund (IMF), Myanmar ranked sixth in the most indebted countries in ASEAN Region in 2023...