Nod for new Yangon container terminal
Adani Yangon International Terminal has received approval to develop a second container terminal in Ahlon in Yangon, according to the Myanmar Investment Commission (MIC).
“[A] meeting approved the project in port and container yards on build, operate and transfer basic from Singapore. The amount of $90.124m has been approved for above projects which will be create [1,176] job opportunities for citizens,” MIC said.
Adani will build Ahlon International Port Terminal (AIPT) (2) under a 50-year build, operate and transfer deal, local media added.
AIPT (2) will be developed on 50 acres of land owned by Myanmar Economic Corporation, the operator of AIPT (1), they added.
Construction of the new terminal is expected to start in September 2019.
The terminal will be built in two phases, expected to be completed in six and 12 months respectively and will have a maximum capacity of 800,000 teu at the end of second phase.
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