February 27,
2017
Pyidaungsu
Hluttaw passed the motion on borrowing 5 million euros from German KfW
Development Bank for a Diesel Locomotive Shed in Ywa Htaung for Myanma Railways.
Following a
debate, the issue was put to a vote and passed 506 to 6.
“It is required
to give training to employees of Ywa Htaung locomotive shed because the
technology used for current engines of the Myanma Railways is advanced,” said U
Kyaw Myo, Deputy Minister for Transport and Communications in his clarification
at the parliament.
The loan will
ultimately result in more reliable trains and service, improved safety and
advanced training for Myanmar engine repairmen, the Union minister added.
The Ywa Htaung
Locomotive Shed was established in 1975 and Railways Technical Training Centre
(Ywa Htaung) was opened in 1981 with the assistance of the German Organization
for Technical Cooperation-GTZ.
Currently, a 2
million euro grant assistance from Germany is under discussion to inject into
upgrading of the Railways Technical Training Centre (Ywa Htaung) as slated 0.25
million euro, which is a portion of the 5 million euro loan, is not enough to
carry out the work, according to the Myanma Railways.
Under the
Industrial Attachment Program, students from the technical universities
receives onjob training the centre every year.
The Diesel
Locomotive Shed (Ywa Htaung) repairs and maintains both diesel hydraulic and
diesel electronic engines of the Myanma Railways while the Locomotive Shed
(Insein) maintains diesel electronic engines.
“Experts would
be hired in order to use the loan in accordance with the guidelines and in
order to minimise loss and wastages,” said the deputy minister.
Deputy Minister
for Planning and Finance U Maung Maung Win also participated in the debate
before the issue was put to the vote.
The terms and
conditions of the deal are for a 40-year loan with a 30-year payback period
with an interest rate of 0.75 per year.
Ref; The Global
New Light of Myanmar
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