Adani Yangon International Terminal is developing a port terminal in Ahlone township, Yangon, to cater to increasing trade volumes. The Myanmar registered company received approval from the Myanmar Investment Commission on 26th April to develop, operate and maintain the Ahlone International Port Terminal (2) (AIPT) under a 50-year Build, Operate and Transfer agreement with the government, according to the Directorate of Investment and Company Administration (DICA). The AIPT (2) at USD 290 million value will be developed across 50 acres of land owned by Myanmar Economic Corporation. The construction of the port is expected to begin in September 2019. A DICA official said that the company will enjoy income tax incentives for the first three years of operations. The Yangon River has a draft of nine meters which allows for vessels of 167 meters in length and 15,000 tonnes in weight. When complete, the new terminal will be able to handle container ships of sizes between 1100 and 1500 TEU.
Upcoming Events
- No events
- all events
Highlights
Terminals, ports, logistics, liner operations disrupted
German containerline Hapag Lloyd has announced a decision to temporarily suspend cargo bookings into Myanmar …Facebook, Instagram ban military and related pages with immediate effect
In a February 24th update to its February 11th statement, Facebook through its Director of …Luxury Japanese real-estate complex called out for funding military
Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, …
Myanmar in the Media
- Border-jumper arrested en route to scam centre jobSource: Bangkok Post Recent StoriesMay 3, 20244 hours ago
- Myanmar stops men from working abroad as war heats upSource: BBC AsiaMay 3, 20248 hours ago
- India starts deporting Myanmar refugeesSource: Bangkok Post Recent StoriesMay 2, 20241 day ago
- South Korea raises terror alert following reported North Korea threat Source: Voice of America East AsiaMay 2, 20241 day ago
Thura NewsViews
Myanmar’s most widely read newsletter on the country’s politics, economy and businesses brought to you by Thura Swiss