Massive Rakhine SEZ to be built by three companies

Construction of the massive Kyaukphyu Special Economic Zone in Rakhine State will be divided into three parts, with separate companies selected for each one, a member of the bid evaluation and awarding committee said.

Tenders for construction of the 404 hectare SEZ, located on an island in the Bay of Bengal off Rakhine State, will be divided into three sections: one for the deep sea port, another for industrial zones and a third for housing estates, committee member Ba Shwe said.

He said the consortium hired to oversee construction of infrastructure for the project would also advise on the tender process, which will adhere to international standards.

The consortium is led by Singapore-based CPG, which was chosen last month from the about 30 companies and consortia that expressed interest in the project.

The 1,000-acre Kyaukphyu SEZ project is adjacent the landing point of the dual pipeline that transports gas and crude oil to China.

The CPG consortia will receive $2.4 million, about 5 percent of the estimated $277 million that will be spent on constructing the SEZ.

Source: ELEVEN Myanmar

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