India provides Myanmar aid under friendship project

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Yangon (IANS): India has extended a $5 million aid to Myanmar in the second round of funding under the Myanmar-India Friendship Project, authorities said on Tuesday.

The cash assistance was handed over by Indian Ambassador Vikram Misri to Myanmar Minister of Border Affairs Lt-Gen Ye Aung on Monday, reports Xinhua news agency.

Myanmar and India signed a Memorandum of Understanding for border development in May 2012 as part of the project, under which India is to provide a total of $25 million to Myanmar, divided into five rounds with $5 million each.

With the first round of aid, Myanmar completed eight road and bridge projects, 21 school projects and 17 health projects in Chin state and the Naga Self-Administered Zone in 2015, the authorities said.

By the second round of cash assistance extended, Myanmar will complete 20 road and bridge projects and 11 school projects. 

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