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RAILWAY II

Sector: Mass Transit • Location: Myanmar

Source: World Bank Group

Project
Closed

The Second Burma Railway Development Project will provide a loan of US$ 14 million equivalent to meet part of the foreign exchange cost of the Burma Railway's Four-Year Development Program, 1960-1964, particularly the parts of thereof concerning dieselization. The Borrower will be the Union of Burma Railway Board. In 1956 the Bank made the first loan to the government in connection with the Railwa

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The project “RAILWAY II” is an infrastructure initiative in the Mass Transit sector, located in Myanmar. Taiyo aggregates data on it from World Bank Group.

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Participants

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Status

Original status

closed

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Description

Description

The Second Burma Railway Development Project will provide a loan of US$ 14 million equivalent to meet part of the foreign exchange cost of the Burma Railway's Four-Year Development Program, 1960-1964, particularly the parts of thereof concerning dieselization. The Borrower will be the Union of Burma Railway Board. In 1956 the Bank made the first loan to the government in connection with the Railway's Development Program 1955-1959, to buy diesel railcar train-sets and other rolling stock, bridge materials, and bridge construction plant. The loan project has been successfully completed. The Program for 1960-64 includes rehabilitation and modernization works designed to provide needed additional capacity, mainly through the procurement of locomotives and rolling stock, and to reduce operating costs by dieselization.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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