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Economy

ADB eyes greater role in Myanmar road, port projects

Multilateral lender to tap public-private partnerships

A transport network nearby the Thilawa industrial park is on the agenda for Myanmar's massive infrastructure undertaking supported by the Asian Development Bank.

MANILA -- The Asian Development Bank will help Myanmar modernize its transportation infrastructure, such as roads and ports, seeing public-private partnerships as key to promoting projects.

The Manila-based multilateral lender will serve as an adviser assisting the Myanmar government in such matters as drawing up plans, selecting contractors and procuring funds. The arrangement will be made official at a signing ceremony in Myanmar's capital of Naypyitaw on Wednesday.

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