One of the parties involved in the development of Dawei port has confirmed movement on the project, while declining to give details.
Dawei is planned to be a mega-port on Myanmar’s coast, well-connected to Thailand by yet-to-be-built transport infrastructure.
The plan is backed by the Thai government that are keen to promote regional trade and infrastructure projects to support it.
The first phase of the plan is for a 27-square-kilometre industrial estate.
Ultimately, the hope is that this will grow into a large industrial hub, supported by a deepsea port, petrochemical facilities, and road and rail links to Thailand.
“The current status of the Dawei project is we are presently under the process to finalise the concession agreement for developing the initial phase of Dawei project with the Myanmar government,” Italian-Thai Development (Ital-Thai) told IHS Maritime in written responses.
Ital-Thai is long-known to be involved in the scheme, but declined to discuss specifics.
Meanwhile, Reuters had reported Ital-Thai and Rojana Industrial Park were to sign a USD1.7 billion deal to develop the first phase by June, pending the approval of the Myanmar government.
This post was sourced from IHS Maritime 360: View the original article here.
