Chinese-backed Kyaukphyu deep-sea port project gets real
Chinese firm CITIC has invited interested companies to submit a bid in order to conduct social and environmental assessments for the construction of its Rakhine-based Kyaukphyu deep-sea port project. Proposals are due by the first week of February. TFour new projects unveiled as part of China’s Belt and Road Initiative
The Ministry of Construction unveiled four projects to be implemented under China’s ambitious Belt and Road Initiative (BRI), including expressways, a bridge and a tunnel, which will form crucial links in trade routes with China, as reported by The
China to invest USD 30 billion in industrial zone
As briefly reported in our highlights last week, a Chinese company and several Myanmar partners will invest USD 30 billion in an industrial zone contained within the Kyaukphyu Special Economic Zone on Myanmar’s west coast. Speaking to parliament, DChina’s CITIC to build Myanmar’s Kyaukphyu Deep Seaport for USD 1.3 Billion
Deputy Commerce Minister U Aung Htoo said on Feb 16 that the planned multi-billion dollar Kyaukphyu Deep Seaport project will be developed with the contribution of 70 per cent by the China International Trust and Investment Corporation Consortium (CI
