Myanmar Mulls New Deep-Sea Port
A feasibility study is currently progressing on the possibility of a new port in the Myanmar region of Ayeyarwady, according to Myanmar Times.
The Pathein deep-sea port project involves an industrial zone and has similarities with the planned Special Economic Zones (SEZs) in Myanmar’s Dawei and Kyaukphyu areas.
The feasibility study is expected to last three days, and if findings affirm the port's feasibilty, the project will be submitted to the government for approval.
Myanmar Construction and Development Public Company, jointly with South Korea-based Korea Engineering Consultants Corp (KECC), is studying the feasibility of the project.
Myanmar Construction and Development Public Company was set up by the trade body Myanmar Construction Entrepreneurs Association (MCEA).
U Ye Lin from Myanmar Construction and Development Public Co said: “The Pathein deep-sea port project is currently being implemented in Ayeyarwady Region.
“The design will be carried out in a similar approach to the proposed Dawei and Kyaukphyu deep-sea ports. Similar to the two proposed ports, we will construct a deep-sea port in Ayeyarwady Region as well.
“With the deep-sea port, transporting shipments and commodities to our country will be much more convenient.
“The Belt and Road Initiative includes an economic corridor which runs from China to Myanmar.
“The Bangladesh-China-India-Myanmar (BCIM) corridor, a hybrid or “amphibious” route, involves a maritime transport loop which aims to provide access of goods from South Asia, via Myanmar’s ports, to Southeast Asia and China.
“The Pathein port and industrial zone proposal is not to be confused SEZs in the country which are governed under the SEZ Law. At present, Myanmar has one SEZ in operation – Thilawa SEZ in southern Yangon, while Dawei and Kyaukphyu have plans to develop an SEZ.”
Read more: Myanmar executives have said China is set to begin talks over buying a controlling stake in the $7.3 billion Myanmar seaport of Kyauk Pyu on the Bay of Bengal, according to Reuters.