"There is no more important thing for Myanmar than to bridge the infrastructure gap," he added. The financing gap has been well reviewed in recent years; the ADB quotes $1.7trillion/year to 2030 is needed to bridge the infrastructure funding gap in Asia alone, the Global Infrastructure Hub estimates a $15 trillion global gap to 2040, and McKinsey estimates $3.7 trillion/year is needed through to 2035. That gap is one reason Myanmar lags behind other Southeast Asian countries in economic growth. If this gap is addressed, the country will be better positioned to fulfill its development goals,” U Soe Win said. Myanmar, one of the least electrified nations in Asia, has a target of providing electricity access to all its residents by 2030. The Government of Myanmar’s procurement of major infrastructure is the primary driver of investment in the energy, transport and urban sectors. But with demand rising by more than 15% annually and climate concerns driving investment decisions, the country will have to make smart choices in … Major infrastructure sectors, including roads, railways, airports and harbors require huge investments where international players can get involved. Delivering Myanmar’s Infrastructure Needs:Procurement Performance and ReformMyanmar’s future economic development will depend on “bridging the infrastructure” gap.

This table presents a summary of the data on infrastructure investment generated for Beyond the Gap: How Countries Can Afford the Infrastructure They Need While Protecting the Planet. Ayala and Yoma team up to close Myanmar’s infrastructure gap Conglomerates’ power and water plans promise to help offset limited public fund If there is one thing Myanmar needs, it is infrastructure. Myanmar's infrastructure gap will be worth USD 120 billion between 2019-2030. A report came out around the end of last year — “Building Myanmar: Bridging the Infrastructure Gap” — that called attention to the country’s infrastructure issues. Despite infrastructure’s halting influence on Myanmar’s growing economy, the country has put forth the National Transport Master Plan (NTMP) in order to address the issues. “I think it is important to start the development quickly to get some early runs on the board. The table also compares these needs with new estimates of what regions currently spend. Now, Yoma Group, one of the country’s biggest conglomerates, is looking to build it with a partner that knows a thing or two […] A plan for economic development, and building roads, bridges and other infrastructure has been submitted to parliament. “Currently, Myanmar still lacks basic infrastructure. EVEN THOUGH Myanmar is at a critical juncture politically, socially and economically, it has a substantial infrastructure gap that needs to be tackled as a priority, said Winfried Wicklein, Asian Development Bank’s country director in Myanmar. Meanwhile, infrastructure industry shows another major investment opportunity for foreign businesses. Building An Inclusive, Integrated and Connected Myanmar With ASEAN turning 50 and China’s One-Belt-One-Road initiative setting the centre stage, Myanmar is in urgent needs to close its infrastructure gap, integrate with the world and collaborate with its neighbouring countries in order to gain from these initiatives for its economy growth.