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June 19, 2019

More than a million tons of rice expected to export via Yangon Port this FY

A workers carries a sack of rice on his shoulder from the ship in Yangon.  Photo: Phoe Khwar

About 400,000 tons of rice were exported so far and this financial year is expected to see about a million tons of rice export, said U Ni Aung, the Managing Director of Myanmar Port Terminals during Transport Minister’s visit.
Union Minister U Thant Sin Maung for Transport and Communications left from Nanthida terminal by vessel on 27 August with the officials from the ministry to inspect docking of oversea ship, cargo handling processes of Sule and other terminals, improvement of Twantay canal waterway and maintenance work at the bank of Twantay canal.
The cargo processing has become more easier as Yangon Port is now capable of accommodating vessels of 190 meter length overall. Previously, only ships with LOA 167 meter were docked at Yangon Port terminals, explained U Ni Aung, the Managing Director of Myanmar Port Terminals to the Union Minister U Thant Sin Maung.
Afterwards, the officials from the Directorate of Water Resources and River Development explained Union Minister the history of Twantay Canal and current protection measures of collapsing riverbank.
Starting from current FY, Twantay Canal Development Project is being implemented with US$61.3 million loan of the Economic Development Cooperation Fund (EDCF) from South Korea and with government expenditure of $7.94 million in a bid to improve the waterway and protect the area from a collapsing riverbank and flood. Additionally, this project aims to secure the waterway, speed up the freight flow, have a smooth transportation and enhance livelihood of local people.


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