The Thai cabinet has approved a plan to support the Dawei deep-sea port and special economic zone (SEZ) in southern Burma, according to a report by the Thai News Agency. Chalitrat Chantarubeksa, a spokesperson for the Thai government, said that under the plan, Thailand’s Neighboring Countries Economic Development Cooperation Agency will take part in founding and investing in the Dawei SEZ Development Company. The multibillion-dollar project, which first won approval from the Burmese government in March 2010, has since stalled due to financing concerns and a lack of involvement by foreign investors.
Source: The Irrawaddy
