SINGAPORE TO INVEST IN MYANMAR PROJECT?
Survey work has commenced on a deep-sea port project at Mawlamyine in the southern Myanmar state of Mon. The new facility is intended to contribute to a major eastwest trade route across southeast Asia which links Vietnams Danang Port in the east to Mawlamyine in the west. These two points will be connected via a 1,000km terrestrial link or by a 4,000km sea route via the Malacca Straits.
The tender will combine BOT with concession contracts but is for all six terminals as a single contract and operators will not be able to bid for individual terminals. The tender closes on 1 September.
Singapore, it is suggested, will be a major investor in the project.
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