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Myanmar : To become Asian maritime hub

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#1
BurmeseNews

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As Asean countries prioritise on improving connectivity within and beyond the region, Myanmar has planned to take advantage of its strategic location between the two mostpopulated nations – China and India – to become a hub of maritime trade in Asia, transport authorities say. 

 

For the development of ports, 37 waterfront land plots (a total of 15 hectares) were allocated in the form of a BOT (build, operate and transfer) system and joint ventures. In Thilawa, 10 plots were developed and an additional 20 plots are under construction. 

 

Myo Nyein Aye, deputy general manager of Myanmar Port Authority (MPA) said Myanmar would encourage both private sector participation and cooperation with international finance institutions. He said financial assistance from foreign countries and nationallevel development projects like the Dawei special economic zone would drive Myanmar’s port development to a large extent. 



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