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BUENOS AIRES， Aug. 26 (Xinhua) -- Argentina will invest 17.3 billion pesos (1.153 billion U.S. dollars) to build road and rail infrastructure in the eastern province of Corrientes， local media reported on Friday.


"We are very pleased with our relationship with (Corrientes) Gov. Ricardo Colombi and with the possibilities we have to definitively transform the infrastructure of the province，" the daily El Libertador cited Transport Minister Guillermo Dietrich as saying.


Dietrich made the announcement at a press conference on Thursday in the province's capital of the same name， accompanied by Colombi and Mayor Fabian Rios.


The projects， expected to generate some 2，500 jobs， include building 717 kilometers of roadway and 63 km of highway， as well as paving 41 km of dairt road and repaving another 324 km of roads.


A second bridge will be built to connect the city of Corrientes with Resistencia， the capital of neighboring Chaco province， cutting the drive time down to an hour and 20 minutes.


To improve cargo transport， the plan will renew 66 km of rail lines and build a new port at Ita Ibate， a riverfront city along the Parana River separating Argentina from neighboring Paraguay.


"That is a fundamental project for shipping production from the north of the province，" said Dietrich， adding "it has been 23 years since a public port was built from the bottom up with state investment."


Funds will also go towards improving urban transportation in the capital Corrientes， with the construction of a rapid transit bus system that runs on dedicated lanes， similar to the Metrobus that operates in the nation's capital Buenos Aires.


"Our priority is public transport，" said Dietrich. "The Corrientes corridor is one of the nine that we have in our portfolio (of projects)， as part of the federal government's plan to have people travel better and faster throughout the country."


The 150 million-peso Metrobus corridor will serve 120，000 city residents.


By Feng Yingqiu


YANGON Corey Crawford Salute to Service Jersey , May 1 (Xinhua) -- Myanmar finance authorities have submitted a proposal to the government on seeking permission to grant operation of all types of insurance services to the private sector.


Running of all 40 types of insurance plus additional farmers insurance and overseas employment life insurance are expected to be granted by the government soon, said U Kyaw Win, minister for planning and finance.


Out of 40 types of insurance Jonathan Toews Salute to Service Jersey , the government's Myanmar Insurance (MI) has so far allowed licenses for only 12 types of them with private companies. Of them, traveling insurance, total vehicle insurance Duncan Keith Salute to Service Jersey , fire insurance and life insurance are the best sellers.


MI has granted licenses to 11 private insurance companies since May 2013. Starting from 2015, MI has planned to open up more insurance categories to private companies.


These categories include products like mercantile marine insurance, credit guarantee and health insurance Patrick Kane Salute to Service Jersey , but it still limits life and general insurance.


The Insurance Business Supervisory Board, chaired by Deputy Finance Minister Maung Maung Thein, said at present Myanmar has 11 private insurance companies with its premium income reaching more than 72 billion Kyats (65.45 million U.S. dollars) annually.


The country has insurance penetration of 0.1 percent of GDP Cheap Corey Crawford Jersey , an increase of about 4.5 times compared with one decade ago. However total premium income is small relative to the country's economy.


Following credit guarantee insurance that MI launched in July 2014, health insurance was the second new product before the launch of weather index insurance as its third new product.


Health insurance policies has been introduced for the first time in Myanmar under a one-year trial since July 1, 2015 and people aged between 6 and 65 years are set to be eligible for the health insurance.


In the latest development Cheap Jonathan Toews Jersey , nine local Myanmar private insurance companies began a new version of health insurance sale to local citizens and foreigners in January this year which guarantees to pay partial cost of hospitalization expense and insurance coverage for accidental deaths.


Since 2012, the country has started liberalizing the sector, granting licenses to private companies but restricting them to operating only six kinds of insurance services.


Of the 20 foreign insurance companies waiting to enter Myanmar's insurance market Cheap Duncan Keith Jersey , three have been reportedly to operate in some special economic zones.

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