Monday, August 21, 2017 - 2:28:57

Thailand, Myanmar sign agreement on Dawei project

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Thailand and Myanmar on November 21 signed a framework agreement on the Dawei industrial complex project in the south of Myanmar to attract investors.

Speaking at a press conference after the 4th meeting of Myanmar-Thailand Joint Coordinating Committee for the comprehensive development of the Dawei Special Economic Zone, Thai Deputy Prime Minister Niwatthamrong Boonsongpaisan said the new framework agreement between relevant parties and the Thai-Myanmar joint venture company had been signed to push the project.

Accordingly, both sides have set time and detailed plans for the first stage of the complex, including concrete projects to connect roads and small seaports.

In addition, Thai and Myanmar officials also held a meeting with the Japanese side to hasten the project.

Myanmar’s Central Bank Deputy Governor Sett Aung said that the parties will soon discuss in detail new investment models for both Japanese and other investors.

An announcement on the Dawei project will be released at a meeting between the three countries’ leaders at the ASEAN-Japan summit in Tokyo next month.

Despite strong support from the Thai Government, the Dawei deep seaport project has faced a series of delays due to financial problems.-VNA
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