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Kyaukphyu port: What happens next?

After more than two years of negotiations, the Myanmar government and China’s state-owned CITIC Group signed the framework agreement for the proposed US$1.3 billion deep-sea port in Kyaukphyu on November 8. At the press conference, CITIC chair Chang Zhenming said this meant “the beginning of further steps”. “Signing this agreement is the starting step for […]

New, Improved Deal on China-Backed Kyaukphyu SEZ Due Soon: Deputy Minister

YANGON — Since the 2015 elections that swept the National League for Democracy (NLD) to power, the government has been negotiating with the China International Trust and Investment Corporation (CITIC) to raise Myanmar’s stake in the Kyaukphyu SEZ in Rakhine State. The shareholders agreement CITIC struck with the previous government, under President Thein Sein, just […]

Myanmar to trim Kyaukphyu cost but drops Annan’s strategic review suggestion

Nay Pyi Taw’s plan to reduce the cost of Kyaukpyu Special Economic Zone, including the proposed deep-sea port, will help cap its external debt load and avoid repeating Sri Lanka’s Hambantota’s precedent, according to London-headquartered research firm BMI Research. At the same time, a government committee has dropped any mentioning of commissioning a Strategic Environmental […]

New bridge to resolve Thilawa’s transport nightmare

INVESTORS in Thilawa Special Economic Zone (SEZ) and Thanlyin residents now see the light at the end of the long tunnel, as a new bridge connecting the area with Yangon is scheduled to complete within four years. The new Bago River bridge, expected to become operational in 2021, will be built next to the existing […]

Dutch animal nutrition firm starts manufacturing in Thilawa

The Netherlands-based producer of animal feed and nutritional service specialist, Trouw Nutrition, opened its first manufacturing unit in Myanmar last week. Trouw Nutrition Myanmar Co was incorporated at Thilawa Special Economic Zone (SEZ) in July 2017. The manufacturing plant, located in Zone A, is expected to start operation in two weeks. Thilawa is the only […]

Dawei SEZ is for the few, not the many

A few elites will benefit from reviving Dawei SEZ, but what about the rest? Civil society organisations demand authorities to halt the controversial Dawei project and rethink. CIVIL society organisations have demanded the authorities to reconsider the plans to revive the controversial Dawei Special Economic Zone (SEZ). They argued that a site-wide environment impact assessment […]

Dawei SEZ’s grave human rights violations, forced evictions and flawed EIAs come under fire

From flawed land acquisition, destroyed farmlands to the lack of transparency, this project is failing on many human rights measures and threatening the lands and livelihoods of communities. DAWEI Special Economic Zone (SEZ) has been accused of grave human rights violations including forced evictions, a lack of transparency and environmental disruption as the land lease […]

Construction of Dawei SEZ back on the cards

The government is exploring ways to restart development of the suspended Dawei Special Economic Zone (SEZ), saying the SEZ will benefit Myanmar as well as the region. The Dawei SEZ includes construction of the highway as well as a deep-sea port which will link Thailand, Cambodia and Vietnam in the ASEAN region to India, the […]

Myanmar main beneficiary of Kyaukphyu: CITIC

YUAN Shaobin, executive president of CITIC Myanmar, which is the developer of a proposed Special Economic Zone (SEZ) in Rakhine, disagrees with critics who have accused China of taking an unfairly large stake in the project. He insisted that Kyaukphyu SEZ will spur much-needed developments in the region and that comparing Kyaukphyu’s ownership structure to […]

Myanmar to Get Better Profit-Sharing Deal in Rakhine Port Project

Myanmar is set to receive a greater amount of the profit-sharing in a $7.2 billion deep-sea port development project in the town of Kyaukphyu in western Rakhine state, though negotiations with the main Chinese investor are ongoing, a commerce ministry official said Monday. A consortium led by CITIC Group Corporation Ltd., China’s state-owned investment company, […]