Myanmar, Thailand move ahead with (1.5 Trillion Tahi Bhat) Dawei project

Myanmar and Thailand are committed to complete the Bt1.5-trillion Dawei Special Economic Zone (SEZ) by 2015. "Both leaders also agreed on the completion of the Dawei Deep-Sea Port Project,"

Myanmar President Thein Sein and Thai Prime Minister Yingluck Shinawatra reached that agreement during bilateral talks on the sidelines of the 21st ASEAN Summit at the Peace Palace in Phnom Penh, Cambodia. In a statement issued after the meeting of the two leaders, both countries agreed to complete by 2015; Construction of roads, the port, industrial zones, power stations, drinking-water supply and sewage systems, telecommunication systems, express trains and other regional development measures.  

The US $50-billion complex includes a road linking Dawei to the Thai border.

The joint committees for construction of the deep-sea port held their first meeting in Thailand in November 7, initially agreeing to complete the construction by 2015.

Dawei Port to Thailand Border. Google Maps

Myanmar will be responsible for defence, security and administrative affairs while Thailand will render technical as-|sistance and cooperate in construction tasks, the statement said. Thailand will also be in charge of monetary movements and helping to launch businesses in the Dawei region.

 The panels for construction of the deep-sea port include a Joint High-level Committee (JHC), co-chaired by Myanmar Vice President Nyan Tun and Thai Deputy Prime Minister Kittiratt Na-Ranong, and the Joint Coordinating Committee (JCC) co-chaired by Myanmar Industry Minister Aye Myint and Thai PM's Office Minister Nivatthamrong Boonsongpaisal.

 

Myanmar is scheduled to hold the second meeting of the JHC in March 2013 and the JCC's second meeting in December 2012. Investors keen to invest in the Dawei project have been asked to send inquiry to the JHC or Host of the Myanmar Private Sector Investment Summit (MPSIS)Advantique Group in Singapore with access to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). 

Original Link   Thailand Construction News