China, Myanmar to invest $130 M in four agricultural centres in Myanmar

Myanmar Rice Federation and Myanmar Agribusiness Public Corporation signed a cooperation agreement with China’s state-owned CITIC construction group to construct agricultural centres in key regions, Yangon, Mandalay, Ayeyarwaddy and Rakhine.

The Project worth $130 million (K 197 billion) and it aims to upgrade the quality of agricultural produce by providing services such as dryers and warehouses for post-harvest storage. It also plans to go into partnered cultivation, to support farmers in the marketing of high-quality products, and to arrange for systematic market access according to U Ye Min Aung, chair of the federation.

The centres will be set up in Twante Township in Yangon, Madaya Township in Mandalay, Kyaiklat Township in Ayeyarwady, and Kyauktaw Township in Rakhine.

Sources: The Myanmar Times