French help for underfunded Mandalay development

A plan to provide the entire Mandalay region with electricity is receiving less than a quarter of the necessary funding from the government, according to a local official. Mandalay’s Minister for Electricity and Industry Kyaw Myint told Myanmar Business Today that out of the 39 billion kyat (US$39 million) needed, the government has assigned only 8 million kyat. French companies are currently involved in assessing urban development options for the region, and funding from the Asian Development Bank may follow, according to the French embassy in Rangoon.