The present designated plot for project development is located within the range of environmental impacts from active mud volcano, making it difficult to obtain insurance coverage.
“The site for Kyaukphyu SEZ has already been designated. But its location is within 2-kilometer of a mud volcano. This will cause difficulties in dealing with insurance companies. Therefore, we will find a better site which is not a religious ground, cemetery and farmland,” said Aung Kyaw Than, co-secretary of the project’s Tender Invitation and Selection Committee.
Sinpapore-based CPG Consultancy has been contracted as consultant tasked to woo international developers for the project development. The job contract was signed on May 26 in Nay Pyi Taw.
source: Eleven Myanmar