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Description |
The project involves investments in various infrastructure facilities in Myanmar which will improve connectivity of people and goods such as telecom, flotilla, port and airport, and distribution and logistics, which Yoma Strategic Holdings (Yoma) plans to make over the next two years. |
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Objectives and Scope |
The connectivity improvement project will support the long-term investments of Yoma Strategic Holdings (YSH) in connectivity infrastructure subprojects in Myanmar to advance inclusion of isolated people, reduce urban-rural development gaps, and attract private investment into diverse geographic areas and sectors. These objectives will be achieved by giving people and goods better access to more opportunities and markets, improving productivity through reduced transport and other transaction costs, and promoting domestic and international trade. Initial subprojects will include telecom towers, cold storage logistics, and fleet leasing. |
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Linkage to Country/Regional Strategy |
The project is aligned with the Interim Country Partnership Strategy for Myanmar, 2012- 2014, which places importance on enhancing connectivity. The project addresses the critical shortage of connectivity, promotes access to markets and basic social services, improves rural infrastructure to boost productivity and incomes, lowers transaction costs, enhances opportunities for domestic and cross-border trade and investment, and improves access to reliable and sustainable utility services. The project will also complement various projects being processed by the public sector operations department of the Asian Development Bank (ADB) in the relevant sectors, including several road and technical assistance projects. |
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