MIC invites companies to submit proposals to build dry ports, bonded warehouses

Myanmar Investment Commission has invited companies to submit proposals to build dry ports and bonded warehouses on the other bank of the Yangon River, Planning and Finance Minister Kyaw Win has said.

Kyaw Win said this while speaking at a seminar held at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) on Thursday.
The minister said: “The government has had a plan to build bonded warehouses and dry ports on the other bank of the Yangon Region.

“To ensure smooth and secure transport, the ministry will allow the companies to build ports on suitable places to fulfill the requirements of the worksite.”
Ports have not been upgraded or modernised for several years and they have been left as they were. If we upgrade these ports, we could earn port revenues, the minister said.

If the ministry allowed companies to build ports in suitable places, better opportunities would be in view, he said.

Dry ports will be built in Yangon, Mandalay and Myawady.
The Investment Commission has already allowed companies to build dry ports in Yangon. And now, plans are underway to build dry ports in Mandalay.

Phyo Min Thein, the Yangon Chief Minister, said: “We have difficulty in managing the flow of commodities. We need to have ports where big vessels can berth.

“Now only small vessels can berth at our ports – so it causes a barrier in commodity flow.
“Port barriers are causing a slow commodity flow in Yangon.”
For a better flow of commodities, we plan to allow companies to build dry ports in suitable places. Yangon regional government is preparing to reduce logistics costs,the chief minister said.

Source : Eleven Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar