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German bank extends grant to Myanmar for improving agricultural infrastructure
Last Updated: 2018-12-21 14:21 | Xinhua
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The German Development Bank, KfW, has extended 5 million euros (5.7 million U.S. dollars) more grant to Myanmar for improvement of the country's agricultural transport infrastructure, the official Global New Light of Myanmar reported Friday.

Under the financing and separate agreements signed between the bank and Myanmar's Ministry of Construction in Nay Pyi Taw on Thursday, the program will be implemented within the framework of German Financial Cooperation via KfW Development Bank by the Department of Rural Roads Development of the Ministry of Construction.

The program includes upgrading of rural roads for the improvement of agricultural products in southern part of Shan state.

Germany is the first partner of Myanmar to support rural roads construction.

So far, Germany has provided Myanmar with 47 million euro grant aid to develop rural areas by upgrading and constructing rural roads and bridges.

Some German-Myanmar friendship rural roads supported by German aid in Shan state have been upgraded to promote the socio-economic life of local rural people.

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