As speculation mounts over whether the new government will back Myanmar’s divisive special economic zones, a National League for Democracy spokesperson says in theory such projects are good for the economy and will continue to receive support. However, the party will need to scrutinise details before deciding whether or not individual projects have a future.
Tag: Myanmar new government
Chinese firms seek part in Dawei SEZ
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).