New Sit­twe port pro­posed to fa­cil­i­tate Myan­mar­bangladesh trade

Maritime Gateway - - News -

To fa­cil­i­tate trade in Rakhine State, U Tin Aung Oo, chair of Rakhine State Fed­er­a­tion of Cham­ber of Com­merce and In­dus­tries, pro­posed the con­struc­tion of a new port in Sit­twe dur­ing a meet­ing with the vice pres­i­dent. He said the port, which should be able to han­dle ves­sels of up to 20,000 tonnes, could be con­structed un­der a Pub­lic Pri­vate Part­ner­ship (PPP). The pro­posal was met with ap­proval from the gov­ern­ment. The Sit­twe port is the main port han­dling goods traded be­tween Myan­mar and Bangladesh. Over the past five years, goods ex­ported to Bangladesh have dou­bled to 20,000 tonnes. Port ca­pac­ity at Sit­twe how­ever, has not in­creased to han­dle the higher vol­umes.

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