September 23, 2017

Thilawa SEZ wharf project targets 2017 completion

A cargo vessel in the Yangon River on its way to the Yangon Port.—Photo: Aye Min Soe
A cargo vessel in the Yangon River on its way to the Yangon Port.—Photo: Aye Min Soe

Yangon, 8 July — A US $200 million wharf construction project is under way at the Thilawa port area, the Myanma Port Authority said Wednesday.
The wharf supporting the Thilawa Special Zone is scheduled for completion in 2017, an MPA official said.
Work on the project, backed by a $209 million Official Development Assistance loan from Japan, began last month, the official said.
Meanwhile, Sein Kaung Yadanar Trading, which won a tender to upgrade Sule Jetty Nos. 1-4 through the joint venture system, is seeking permission from the Myanmar Investment Commission to sign an agreement with the Port Authority.
New Downtown Development Public Ltd is also waiting for MIC approval on a deal with the MPA after winning a build-operate-transfer tender to upgrade the Nanthida pier and docks for the Pansodan-Dala ferry.
The MPA said an electronic data interchange project to modernize the port is also in the pipeline, with grant aid of US $14.27 million from Japan.
Currently, a total of 32 berths — 23 in the Yangon Port area and nine in the Thilawa Port area —handle more than 80 percent of Myanmar’s shipping freight.
Eighty percent of the berths are privately owned, while the remaining 20 percent are owned by the state, according to the MPA. GNLM

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