Thailand, Myanmar Create Company to Invest in Dawei Project

Thailand and Myanmar have signed an agreement to create a joint venture for developing the Dawei Special Economic Zone in Myanmar, which will draw capital from investors from Japan as well as other countries.

Prime Minister’s Office Niwatthamrong Bunsongphaisan expects that Dawei SEZ Development Co. Ltd., the joint venture tasked with developing the Dawei SEZ and related areas, will require 1.4 billion USD of investments during the first 5 years of development, between 2014 and 2018. During this phase, a road will be constructed to link Dawei project with Ban Phu Nam Ron in Thailand’s Kanchanaburi province.

A small port will be built, and development of accommodating areas such as residential areas will take place. Furthermore, a natural gas power plant and a water reservoir will be constructed.

Thailand and Myanmar will each take a 50% stake in the joint venture, which will have an initial registration capital of 12 million baht.

Dawei Special Economic Zone will encompass a deep sea port, an industrial estate, residential areas, commercial areas, infrastructures, and road and rail links to Thailand. Oil and natural gas pipelines traversing the Gulf of Martaban to the border with Thailand are also included under the project.

Press Release, June 18, 2013

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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