A US$207 million upgrade for the Yangon circle line funded by Japan will cut travel times by half, a Myanma Railways official has said.
Myanma Railway’s senior general manager (inspections) U Ba Myint said a memorandum of understanding would soon be signed with the Japan International Cooperation Agency for the loan, state-controlled media reported on august 31.
Parliament recently approved a proposal from Myanma Railways for an official development assistance loan for the upgrade, due to be completed by 2012, the Global New Light of Myanmar quoted U Ba Myint as telling a news conference.
U Ba Myint said work on the project would begin as soon as the loan agreement was signed by the two governments.
Ten new air-conditioned coaches due to arrive from Japan on September 5 would provide faster and more regular services on the line, the report said, adding that some of the coaches would also run on the Yangon-Nay Pyi Taw line.
The circle line project also provides for track upgrades and the installation of an automotive train stop system, U Ba Myint said.
Myanma Railways would not raise the cost of ticket prices after the circle line project is completed “because we know that many low-income commuters rely on train services on a daily basis,” he said.
