ITALIAN-THAI Development (ITD) is forming a consortium with Chinese companies to pour investment into new infrastructure projects in Dawei Special Economic Zone (DSEZ), as land lease in the initial phase kicks off.
According to Somjetn Tinnapong, managing director of Myanmar Industrial Estate (MIE) – an ITD subsidiary responsible for the development of the 27-square kilometre initial phase – the consortium will consist of private and state-owned Chinese companies. Their focus will be on the 132-kilometre, four-lane road, which will require an investment of Bt13.5 billion and three ports that will cost US$400 million (Bt14 billion).