Project: Yangon Circular Railway Line Upgrading Project Loan Agreement: October 16, 2015Loan Agreement • February 2nd, 2016
Contract Type FiledFebruary 2nd, 2016Yangon, which is the former capital of the Republic of the Union of Myanmar (hereinafter, "Myanmar"), is the country's largest commercial city with a population of approximately 5.1 million. As the center of economic activity, Yangon is facing a rapid urbanization in recent years, and according to the Greater Yangon Strategic Urban Development Plan (March 2013), which JICA cooperated in drafting, the population is expected to top 9.5 million by 2035. To address urban transportation problems, such as road congestion due to car-based mobilization, there is a need to update aging infrastructure and develop a people-friendly, environmentally friendly public transportation network.