Korea Myanmar Friendship BridgeMyanmar Bridge of Friendship Korea
Freundschaftsbrücke will be a cable-stayed bridge. This will be 1,936 ft long and extend from Phone Gyi Street in Lanmadaw Township on the Yangon side to Bo Min Yaung Street on the other side of the Yangon rivier. It will be 87 ft by 320 ft so that large vessels can sail under it.
Large works will also take place on two further sections: a 2,026 foot bridge at one end on the Yangon side and a 25,182 foot bridge at the other end on the Dala side. Korea-Myanmar Friendship Bridge is valued at $168.173 million. While the Korea Economic Development Cooperation Fund is providing a USD 137.833 million Economic Development Cooperation Facility credit, the EU authorities will finance the remainder of USD 30.341 million.
Yangon-Dala bridge goes into operation
An overpass linking downttown Yangon to the undeveloped Dala Town Council was officially given the go-ahead last night after the vast majority consented to abandon their properties for reimbursement. Work on the Korean funded building started in the Dala township today. "We can call the Yangon-Dala Bridge a metaphorical bridge of dreams," said U Kyaw Lwin, Union Secretary for Building.
Since 2012, the bridge has been publicly debated as a good will gestures by Korea towards Myanmar. Following a brief break in talks, the two countries reached an agreement last November that Korea would grant a mortgage to finance the work. Ever since, the administration has talked to land owners about the pay. Out of the 68 land owners in the suggested development area, 65 have approved the conditions, while three are still pending, said U Tin Oo, senior design technician of the Ministry of Build.
"Three of the proprietors want their property back, but the others were unanimous that our indemnity was fair," he said. According to U Khin Maung Nyunt, one of the former landlords who was reimbursed last night, the building department has been paying K130 million per hectare, less than the annual property value in Dala.
Nevertheless, he said, the people of Dala realise that the bridge will benefit the area in many ways. Dala is situated very near the city centre of Yangon, but at the moment it can only be reached by land or by sea. Mr U Tin Oo said that the reimbursement rates were set by a compromise between the needs of the limited budgeted administration and the people living nearby.
But the estimated rates for country in Dala were K15 million per acres, which the goverment multiplicated by three, adding a sympathetic grant, taking the entire amount to K130 million, he said. The costs for the reconstruction of a college, a convent, a pagoda shop and a supermarket within the area of the projects amount to a grand total of 3.3 billion euros.
It will take around five years to complete the bridge by the end of 2020. 137.83 million of this will be financed by a Korean credit, the rest will be provided by the Ministry of State. Planning will take about a year and the start of building is planned for next year.
It will also have a pumping line to transport from Yangon to Dala.