Union Minister for Investment and Foreign Economic Relations U Thaung Tun attended the Signing Ceremony of Loan Agreement on “The Pay Taw Village Layer Farm Project” —a joint undertaking of the Pay Taw Village Development Fund Association, Ayeyarwady Bank and Myanmar CP .Livestock Co.,Ltd. on Tuesday at 9 am at the M. Gallery Hotel in Nay Pyi Taw.

The Pay Taw Village Layer Farm Project of Tatkon Township is supported by a long term concessional loan from Ayeyarwady Bank. A loan of 1,300 million kyats with 11 percent interest rate for 10 years was provided by Ayeyarwady Bank.

Union Minister U Thaung Tun delivered the opening remarks and representatives of Ayeyarwady Bank, the Myanmar CP. Livestock Co.,Ltd. and the Pay Taw Village Development Fund Association spoke on the benefits of the project.

Also present at the ceremony were the Permanent Secretary of the Ministry of Investment and Foreign Economic Relations, the Director General of Livestock Breeding and Veterinary Department of the Ministry of Agriculture, Livestock and Irrigation, and representative of Ayeyarwady Bank, the Myanmar CP., Livestock Co.,Ltd. and the Pay Taw Village Development Fund Association.—MNA