Parliament approves more than $300m in soft loans
The Pyidaungsu Hluttaw on 26 August gave the green light to US$305 million in new development loans focused on improving electricity supply, water supply and a major highway.
MPs approved a $240 million loan from the Asian Development Bank, $20 million from the ASEAN Infrastructure Fund and 40 million euros ($45 million) from the French Development Agency.
The Ministry of Electrical Power will get $80 million of the ADB loan for extending power lines and installing more substations in Yangon.
