BUSINESS – Japan pledges $40m to build Rangoon bridge

The Japanese government has pledged assistance worth over US$40 million towards the construction of a new bridge in Rangoon’s Thaketa Township to improve transportation to and from the Thilawa Special Economic Zone and to reduce traffic congestion in the city. The Thilawa industrial site, some 25km south of the city centre, is a joint Burmese-Japanese development, and has attracted several multinational firms such as Mitsubishi and Sumitomo, and the US’s Ball Corporation.