ADB pledge $80m to Irrawaddy Delta

A US$80 million loan agreement has been signed between the Asian Development Bank and the Burmese government, with an aim to improve road infrastructure to support economic development in the Irrawaddy (or Ayeyarwady) Delta. While rich in crops and seafood, the devastation of Cyclone Nargis in 2008 and chronic underinvestment have affected transport routes and hindered productivity in the region. Training and other capacity-building support for the Ministry of Construction will also be funded by the loan.