Myanmar agrees smaller deal for China-backed port after ‘debt-trap’ concern

YANGON, Nov 8 (Reuters) – Myanmar on Thursday signed an agreement with China’s state-run CITIC Group to begin work on a deep-sea port in the west of the country, after negotiations that saw the initial phase of the project scaled back over fears of a “debt trap”. Myanmar Deputy Minister of Planning and Finance Set […]

Dawei, Kyaukphyu SEZ projects to resume

Arrangements are being made for development of the Dawei Special Economic Zone (SEZ) and Kyaukphyu SEZ projects to resume, said U Khin Maung Cho, Minister for the Ministry of Industry, on behalf of the Ministry of Commerce at the Pyidaungsu Hluttaw. The government has been exploring ways to restart development of the US$8 billion Dawei […]

Agreement for Hanthawady airport close to signing

An agreement appears in the offing as the coordination committee for the Hanthawady International Airport construction project heads into its sixth meeting with the tender-winning company optimistic that they could emerge with a contract. Coordinated efforts are being made to get moving on the project for an international airport in Bago Region. The first week […]

Myanmar, consortium sign deal in new international airport project

A consortium comprising JGC Corporation, Yongnam Holdings Limited and Changi Airports International on Saturday (Jan 30) signed a Framework Agreement with Myanmar’s Department of Civil Aviation (DCA), reaching a milestone in the Hanthawaddy International Airport project. According to a media release, the signing of the Framework Agreement marks an important step towards the eventual inking […]

Thais reduced to ‘matchmaker’ in Dawei as Italian-Thai set to pull out

Myanmar’s stalled Dawei mega-project, which Thailand has striven to get off the ground for years, appears set to pass out of Thai hands, as Japan takes on a bigger role, though the nature of this role is far from clear. Thailand’s largest contractor, Italian-Thai Development Plc (ITD), which is a contract partner with the Myanmar […]