After more than two years of negotiations, the Myanmar government and China’s state-owned CITIC Group signed the framework agreement for the proposed US$1.3 billion deep-sea port in Kyaukphyu on November 8. At the press conference, CITIC chair Chang Zhenming said this meant “the beginning of further steps”. “Signing this agreement is the starting step for […]
Kyaukphyu port: What happens next?
November 15, 2018 by Thiha
Filed Under: Latest News Tagged With: asean, Belt and Road Initiative, Chang Zhenming, China-Myanmar economic corridor, CITIC, CITIC Group, East-West Economic Corridor, economies, Environmental and Social Impact Assessments, Environmental Compliance Certificates, industrial zone, Kyaukphyu, Kyaukphyu SEZ, Management Committee, memorandum of understanding, National League for Democracy, Rakhine Commission, Rakhine State, SEZ, Sino-Myanmar, Strategic Environmental Assessment, tax revenue, Yunnan Province
Myanmar to trim Kyaukphyu cost but drops Annan’s strategic review suggestion
July 18, 2018 by Thiha
Nay Pyi Taw’s plan to reduce the cost of Kyaukpyu Special Economic Zone, including the proposed deep-sea port, will help cap its external debt load and avoid repeating Sri Lanka’s Hambantota’s precedent, according to London-headquartered research firm BMI Research. At the same time, a government committee has dropped any mentioning of commissioning a Strategic Environmental […]
Filed Under: Latest News Tagged With: Asia analyst, BMI Research, central bank, Chair, China, Chinese Investment, Chinese sources, CITIC-led consortium, deep sea port, DICA, director-general, Directorate of Investment and Company Administration, domestic capital market, economic adviser, Environmental and Social Impact Assessments, ESIA, Export-Import Bank of China, former Rakhine Advisory Commission, Hambantota Port, Hong Kong, ICJ, ILO, International Commission of Jurists, International Labour Organisation, Kofi Annan, KSMC, Kyaukphyu SEZ, Kyaukphyu SEZ Management Committee, Kyaukpyu Special Economic Zone, labour market assessment, Loans, MIC, Ministry of Planning and Finance, Myanmar investment commission, NLD, permanent secretary, planning and finance minister, Rakhine State, Raphael Mok, sea, Sean Turnell, SEZ Central Executive Committee chair, Sri Lanka, State Counsellor, Strategic Environmental Assessment, U Aung Soe, U Soe Win, U Than Myint, U Thaung Tun, U Tun Tun Naing
