Xinhua, Yangon :
Myanmar and Thailand are making joint efforts to resume the implementation of the Dawei Special Economic Zone (SEZ) project and its related projects in Myanmar’s southern Tanintharyi region after long delay.
Plans are underway to resume the initial projects in the first week of November this year.
The initial projects include the construction of a two-lane motorway, a jetty, an industrial zone, a power plant, a housing estate, water supply and communication facilities.
Ernst and Young, which is a multi-national professional services firm based in London and has been assigned to calculate expenses of the projects previously undertaken by the Italian-Thai Development Company, submitted its final due diligence assessment report to a coordination meeting between Myanmar and Thailand held at the Ministry of Transport Wednesday.
The Dawei SEZ is located in Nabule, 27 km northwest of Dawei.
Although the project started in November 2010 in accordance with the framework agreement between the Myanmar Port Authority and the Italian-Thai Development Company, it has faced long delay, calling for governmental cooperation of the two sides for the resumption.
Meanwhile, Myanmar revised its plan of developing the Dawei SEZ in December last year, inviting international companies to bid for the project following the pull-out of the Italian-Thai company, which had failed to keep on with the project work.
Myanmar and Thailand are making joint efforts to resume the implementation of the Dawei Special Economic Zone (SEZ) project and its related projects in Myanmar’s southern Tanintharyi region after long delay.
Plans are underway to resume the initial projects in the first week of November this year.
The initial projects include the construction of a two-lane motorway, a jetty, an industrial zone, a power plant, a housing estate, water supply and communication facilities.
Ernst and Young, which is a multi-national professional services firm based in London and has been assigned to calculate expenses of the projects previously undertaken by the Italian-Thai Development Company, submitted its final due diligence assessment report to a coordination meeting between Myanmar and Thailand held at the Ministry of Transport Wednesday.
The Dawei SEZ is located in Nabule, 27 km northwest of Dawei.
Although the project started in November 2010 in accordance with the framework agreement between the Myanmar Port Authority and the Italian-Thai Development Company, it has faced long delay, calling for governmental cooperation of the two sides for the resumption.
Meanwhile, Myanmar revised its plan of developing the Dawei SEZ in December last year, inviting international companies to bid for the project following the pull-out of the Italian-Thai company, which had failed to keep on with the project work.
