28-29 Sep, 2016 - Yangon, MYANMAR
PARKROYAL Yangon
PARKROYAL Yangon
|
“Tapping Vast Opportunities in Transport, Supply Chain Growth & Port Investments under the New Government”
“The government will invest US$26.8 billion under the National Transport Master Plan, allocating funds to road, rail, water and air transportation projects until 2030.” – June 2016, Construction Intelligence Center
“ADB expects Myanmar’s economy will grow at 8.4% in FY2016 and 8.3% in FY2017.” – June 2016, Mizzima News
“The rapid growth of Myanmar’s exports (12% to $12.5 billion) and imports (21% to $16.6 billion) will open up a myriad of opportunities within the region.” – June 2016, The Stat Trade Times
|
ADB last week launched a new report entitled "Myanmar: Transport Sector Policy Note", which says 20 million people, or about half of rural population, live in villages without access to an all-season road, as the country only invested 1 to 1.5 per cent of gross domestic product (GDP) in transport improvement over the past decade.
It suggests that Myanmar should allocate US$45 billion to $60 billion in transport projects over the next 15 years towards investment in bus rapid transit lines, parking and traffic management and circular railways in Yangon. Allocation towards the upgrade of national and international corridors, modernization of the rail link, implementation of low-cost navigation aids, plus exploring water transport options were also cited.
ADB country director for Myanmar Winfried Wicklein said the bank planned to provide aid of about $350 million per year to Myanmar, 85-90 per cent of which goes into infrastructure, notably transport and energy. Wicklein said the ADB was considering co-financing models in infrastructure projects and providing grants for environmental issues and climate change. The report urged the government to seek funds for these mega-projects from development partners.
Myanmar government plans and investors’ role in addressing and funding transport & logistics projects over the next couple of years will be tabled at CMT’s 3rd MTL Myanmar Transport and Logistics Summit on 28-29 September, 2016 in Yangon.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
23 Aug, 2016
Several Chinese firms are keen to invest in Myanmar’s Dawei Special Economic Zone (DSEZ). The initial phase of land lease for the SEZ has kicked off already.
A consortium is being formed by ITALIAN-THAI Development (ITD) along with Chinese companies that plan to invest in new infrastructure projects in the SEZ. The Chinese companies in the consortium are both private as well as state-owned such as King Trillion and China Railway Engineering Corp (CREC).
Some of the projects that these Chinese companies are eyeing are a 132-kilometre, four-lane road (that needs an investment of Bt13.5 billion) and three ports that will cost US$400 million (Bt14 billion). The four-lane road will connect Thailand's Kanchanaburi with Dawei. The four-lane road along with another two-lane road (which is under construction as part of the SEZ’s initial phase) are expected to boost Dawei's development potential. Initially, the four-lane project was supposed to involve only Thailand, Myanmar and Japan. In fact Japan Investment Cooperation Agency had already visited the site to explore the possibility of the four-lane road. U Han Sein, Myanmar's deputy transport minister is now the chairman of DSEZ Committee and the new government takes office on April 1. Therefore, it remains to be seen whether the consortium will get a go ahead from the committee.
Last year in August, the consortium of ITD, Rojana Industrial Park and LNG Plus was allowed to start-off the initial phase of the 204sq km project, as Japan joined hands with Thailand and Myanmar governments to set up a special purpose vehicle.
Industrial land in the initial phase is also ready for booking and a Thai seafood company has become the first one to sign the lease contract. It will buy approximately 10 rai, for about Bt30 million. The lease period is for 50 years and is extendable to 75 years. Dawei SEZ has a huge potential for development given Myanmar abundant resources. Myanmar Industrial Estate (MIE) targets completing nine infrastructure projects in the initial phase by end of 2016. A port with a capacity to dock 13,000DWT is ready while a 15-MW power plant is also completed with a possibility for further capacity expansion to 35MW. Out of nine five-floor workforce apartments, one is nearing completion too. MIE is targeting 10 upstream companies in 2016. Japanese companies, operating in a long value chain, LPG packaging companies as well as soybean-based vegetable oil companies from Brazil are some of the companies being targeted. MIE aims to sell 1,500-2,000 rai annually of the 17,000-rai plot.
More on Dawei SEZ will be discussed at CMT’s 3rd MTL Myanmar Transport and Logistics Summit on 28-29 September, 2016 in Yangon.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
18 Mar, 2016
.jpg "www.asiantrucker.com")
