On September 24, Yoma Fleet, the automotive and heavy equipment financing subsidiary of Yoma Strategic, signed a partnership agreement with Thaketa-based Myan Shwe Pyi Tractors Limited (MSP),a supplier of power systems, machines and services to the agriculture, construction, forestry and mining industries. MSP is also the authorised independent dealer of Caterpillar-branded equipment in the country.

A number of large-scale infrastructure projects are currently in the pipeline in Myanmar, where infrastructure development is critical for the country’s economy. 

“These projects include power stations, ports, special industrial zones, and upgrades to existing transportation networks. Under its National Transport Master Plan, the Myanmar government is planning to allocate US$21.4 billion to rail, road, port and aviation projects by 2030,” the press statement said.