The positive impact of a road and hydro power plant in northern Myanmar is representative of a wider need for large-scale investment in infrastructure within the country, according to Colliers.

The Union Government's implementation of the plant has been praised by the The Global New Light of Myanmar as an attempt "to lift the socio economic standards for local ethnic people in this far-flung area", with the news site going on to say that the plant would "would enable local ethnic nationals to bond more closely and strengthen their empathy and friendship with one another, which will lead to trust and peace among the people".

For Colliers, projects like the plant were vital if Myanmar was going to integrate with the world economy.

"While Myanmar’s economic growth is anticipated to sustain its momentum in the coming years; there is a huge need for large-scale investment in infrastructure," it said.

 "Myanmar urgently needs to close its infrastructure gap to collaborate with neighboring countries, which will maximize its economic growth from the ASEAN Economic Community (AEC) and China’s One-Belt-One-Road Initiative."

The Asian Development Bank (ADB) stated that Myanmar’s infrastructure gap from now to 2030 is worth US$ 120 billion.

Colliers believes this is driving the government to deliver infrastructure more quickly.

"The government is accelerating its implementation of infrastructure projects, particularly on roads, bridges, railways, ports, airports, energy and power, industrial parks, economic zones, and logistics," it said.

Source: The Global New Light of Myanmar, Colliers

Similar to this:

New Yangon Development Committee milestones and looking to the Invest Myanmar Summit 2019

Myanmar needs to "step up efforts in narrowing infrastructure deficits" says Colliers

Rise of internet economy impacts Myanmar