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	The ministry plans to upgrade parts of north-south highway connecting Mon State and Taninthayi Region.&nbsp;</div>
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	&quot;We have $300 million to spend for the whole country but we are now analysing to upgrade part of Mon-Taninthayi road,&quot; said Chief Engineer Khin Maung Kyaw from the ministry of construction.</div>
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	The discussion over interest rates on the loan is still ongoing and the ministry of construction requested Exim Bank to set two kinds of interest rates.</div>
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	&quot;We asked for the interest rate of 4.5 per cent for the first US$150 million and 2 per cent for the rest. This is still under negotiation,&quot; Khin Maung Kyaw continued.</div>
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	The Ministry of National Planning and Economic Development will handle the loan and the Ministry of Construction will submit for the budget required to upgrade the road.</div>
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	According to a government release in March, over US$9 billion has been borrowed from 19 organisations and various countries. Myanmar borrowed more than US$4 billion from China.</div>
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Govt borrows US$300m to upgrade Mon-Taninthayi road

The Ministry of Construction has borrowed US$300 million from the Exim Bank of China to upgrade the Mon-Taninthayi road, sources from the ministry said.