A new major port and special economic zone (SEZ) for the politically emerging state of Myanmar takes a step closer with the recent signing of a R625 billion agreement between Myanmar, Japan and Thailand.
This is aimed at supporting the Dawei mega project, according to Lloyds Loading List.
Meanwhile, Port Technology reported that it has been rumoured that Thailand will be involved with the new Kra Canal, which could potentially form part of China’s Maritime Silk Road plan at a cost of around R250bn.
The project is due to start between now and mid-2016, with the first phase the 138 kilometre road from Dawei to Kanshanaburi province in Thailand.
The port is located between South East Asia, China and India, and PT said it “may also be strategically placed to benefit from China’s Silk Road initiative” – a plan designed to create multi-modal trading links connecting Europe, Africa and Asia.
Funding for R625bn Asian port mega-project
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