Investors waiting to bid as Kyaukphyu SEZ masterplan gets underway

April 30, 2014 by thiha

Would be investors in the Kyaukpyu Special Economic Zone in Rakhine State are awaiting invitations to tender, but no date has yet been set for the issuance of invitations as experts work on a master plan for the zone.

A consortium of consulting firms selected to develop the master plan and manage the tender process for the Kyaukpyu SEZ is now conducting a feasibility study and analysis, U Aung Kyaw Than, joint secretary of the Bid Evaluation and Awarding Committee (BEAC), told The Myanmar Times.

But BEAC member U Than Maung said the master plan was not yet complete, and there was no indication yet of what companies might be interested in investing in the SEZ, which has an estimated cost of US$277 million.

U Pho Cho, executive director of Golden Land Development Public Company, which was set up to invest in the SEZ, said that once the master plan appeared, his company could consider how best to cooperate with international developers.

Nina Yang, executive director of Creative Professional Groups, the Singapore-based consultant for the SEZ, said she could release no information without BEAC approval.

Source: Myanmar Times

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