August 19, 2016

Thilawa terminal gets new fuel port facilities

Photo shows newly-inaugurated Green Asia Port Terminal (Thilawa).—Transport
Photo shows newly-inaugurated Green Asia Port Terminal (Thilawa).—Transport

Yangon, 26 July — Oil storage and terminal are opened at Myanmar International Terminals Thilawa on Sunday, with new facility will be operated under a Build-Operate-Transfer (BOT) agreement between the Myanmar Ports Authority and the Green Asia Port Terminal (Thilawa) owned by the Green Asia Services Co. Ltd.
The facility was opened by Union Minister for Transport U Nyan Tun, Yangon region’s Chief Minister U Myint Swe, Managing Director of Myanmar Port Authority U Kyaw Myint and Managing Director of the company U Than Myint.
MPA invited expertise and capitals to upgrade port services through BOT or JV systems after 1988, the union minister said.
Fuel storage and distribution officially operated by only a state-own agency was publicized in 2010.
MPA has already leased its 420 acres of land at in Thilawa to 14 private companies through BOT for oil depots, tanks and terminals.
Fuel imports through the Yangon Port and the MITT were 2.2 million tonnes in 2012-2013, 2.35 million tonnes in 2013-2014, 3.47 million tonnes in 2014-2015.
The minister added minimum security arrangements for ships and ports will be monitored in accordance with the International Ship and Port Facility Security (ISPS) Code in handling pot facilities.—GNLM


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