Sunday 25 November 2012

Myanmar invites third-party countries for Dawei deep-sea port project

Myanmar has invited investors from third-party countries besides Thailand for the Dawei deep-sea port project, Kan Zaw, minister of national planning and economic development, told Eleven Media Group.

He was replying to a question about invitation to investors at a press conference at Cambodiana Hotel, Phnom Penh, on November 21.

“Currently Myanmar and Italian-Thai Development Public Company Limited are working at the deep-sea port project and we have invited a third-party country to participate. The project is a big one and we want to divide sectors for construction. That’s why we want to invite third-party countries,” he said.

The investors could be countries from Asean, East Asia, Europe and the US.

The construction of the sea port and the special economic zone will be finalised in 2015. EMG learned that a meeting between Myanmar President Thein Sein and Thailand Prime Minister Yingluck Shinawatra took place in the Peace Palace Building, Phnom Penh, during the 21st Asean Summit on November 19.

The Myanmar government will take responsibility for protection, security and administration aspects of the project in accordance with the law. Strict restrictions are included in the statement to implement the investment according to the law.

The Thailand government will support with technology assistance, techniques for construction and creating job opportunities for locals, including money transfers.

The Myanmar government has allowed the Thai prime minister and a business delegation to study the project in the middle of December.

source: Eleven Myanmar
http://www.elevenmyanmar.com/business/1437-myanmar-invites-third-party-countries-for-dawei-deep-seaport-project

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