World Bank to loan US$100 million for Irrawaddy River basin

The World Bank has pledged to cooperate with the Department of Water Resources in Burma and loan US$100 million to develop the Irrawaddy river basin. The project also aims to build weather information centers and increase the efficiency of inland water transport in Burma. Sein Tun, director of the Department of Water Resources, said that these funds will be divided and distributed at 30 percent per phase of the project over the next six years, reported Myanmar Business Today.