Cen­ten­nial Energy ap­proved 15 bil­lion US dol­lars to de­velop Kala­gauk deep sea har­bor in Myan­mar

The Nation - - THAILAND -

On 24th July 2015 Raweeroj Rith­choteanan, chair­man of Cen­ten­nial Energy (Thai­land), has co-signed an agree­ment to build a deep sea har­bor in Kala­gauk, Ye, Mon State with MD of Myan­mar Port Au­thor­ity, U Kyaw Myint. This is the first of­fi­cial agree­ment un­der the Mega Pro­ject de­vel­op­ment backed by the gov­ern­ment. The aim is to study, ex­plore, de­sign, build the deep-wa­ter har­bor, a power plant as well as a new city equipped with util­i­ties such as elec­tric­ity, wa­ter, tele­phone lines, roads, train tracks and other means to sup­port Myan­marûs ship­ping in­dus­try. The pro­ject will be com­pleted within 10 years (2015-2025) with the to­tal cost of 500 bil­lion US dol­lars. The com­pany will fund the en­tire pro­ject by it­self.

In the ini­tial phase, the pro­ject with study, ex­plore, de­sign and build the deep sea har­bor in Kala­gauk area, Ye, Mon State which is lo­cated about 120 km from Mawlamyine and 450 km south east of Yan­gon. The in­vest­ment for this phase is es­ti­mated to be about 15 bil­lion US dol­lars. Fol­low­ing its com­ple­tion, the sec­ond phase will in­volve city plan­ning, in­dus­trial es­tate plan­ning as well as de­vel­op­ment of ship­build­ing en­ter­prise, oil re­fin­ery, in­ter­na­tional air­port, and in­fra­struc­tures such as roads, highways, mo­tor­ways, high speed trains, tele­phone poles, air­port, har­bor, and in­dus­trial es­tates to sup­port jew­elry, ship­build­ing, oil and gas as well as al­ter­na­tive energy in­dus­tries.

Cur­rently, Cen­ten­nial Energy is in the process of sign­ing an agree­ment with RAM­BOLL GROUP from Den­mark to build the har­bor.

RAM­BOLL GROUP is a world lead­ing har­bor de­signer with ex­per­tise and world class ar­chi­tects and over 12,300 em­ploy­ees have had ex­pe­ri­ences in har­bor build­ing across the globe. The com­pany is also in the process of ne­go­ti­at­ing a deal with KPMG, a world lead­ing ac­count­ing firm in BIG 4 from Nether­lands, with over 162,000 em­ploy­ees in 155 coun­tries across the world.KPMG will act as ad­vi­sor on Au­dit, Tax & Ad­vi­sory for the com­pa­nyûs sev­eral projects in Myan­mar. The com­pany will also build a per­ma­nent of­fice build­ing in Yan­gon which will be in charge of lat­ter projects, such as build­ing highways and train tracks and ex­pand trans­port in­fra­struc­tures across the coun­try as well as the de­vel­op­ment of the power plant pro­ject.

The com­pany also aims sup­port so­cial de­vel­op­ment, by build­ing new 6 ùCares New Modelû cities to help im­prove the liv­ing stan­dards of poor peo­ple in five coun­tries along the Mekong River. The projects will de­velop hous­ing fa­cil­i­ties and con­do­mini­ums along with man­age­ment of wel­fare sys­tems, like pro­vid­ing low cost meals, hos­pi­tals and clin­ics. Other wel­fare ben­e­fits in­cludes dual lan­guage ed­u­ca­tion in­sti­tu­tions, from pri­mary to univer­sity lev­els and set­ting up of low cost buses and trains for its com­mu­ni­ties. These projects will also help boost em­ploy­ments with fair wages and ben­e­fits.

Ac­cord­ing to Raweeroj said, these projects were de­vel­oped to help the peo­ple as well as im­prov­ing the work­force ca­pa­bil­i­ties in the re­gion.

Ear­lier, on 26th June 2015, Cen­ten­nial Energy has also signed its first agree­ment with Dr. Maydy Kham­phouk­douangkep, Di­rec­tor Depart­ment of Plan­ning and In­vest­ment, Xiengkhuang province, Lao PDR. to ex­tract and re­move land­mines in the spe­cial eco­nomic zone of Xiangkhouang province with a bud­get of 9.8 bil­lion US dol­lars. This agree­ment is a part of the Mega Pro­ject that will be ini­ti­ated be­tween 2015-2025.

For Laos PDR, the com­pany is in­ter­ested in Gov­ern­ment sup­ported projects in­vest­ments, within the 300 bil­lion US dol­lars bud­get. This in­cludes ba­sic in­fra­struc­tures such as roads, highways, mo­tor­ways, high speed trains, cargo trains, city sub­ways, elec­tric­ity, wa­ter, tele­phone, in­ter­na­tional air­port, al­ter­na­tive en­er­gies as well as 6 Cares model cities, sim­i­lar to Myan­marûs.

The com­pany also plans to in­vest in sim­i­lar de­vel­op­ments for three other coun­tries (Thai­land, Cam­bo­dia and Viet­nam) along the Mekong River as well.

In the first phase de­vel­op­ment for Non­glouang, Xiangkhouang lo­cated 462 km north of Vi­en­tiane, with a to­tal of 160,000 rais of land, the com­pany will be­gin re­mov­ing land­mines that have been earthed since the Indo-Chi­nese War dur­ing 1964-1973. At present, there are large num­bers of mines still hid­den and more than 30% of 266 mil­lion mines is still ac­tive and spread out across 65,000 rais of land. The next phase will be the con­struc­tion of a Na­tional Sta­dium, which will be­gin in 2018 along with new city plan­ning and its in­fra­struc­tures to at­tract tourists and boost tourism.

Apart from this, the in­vest­ment in Xiangkhouang is part of an im­por­tant goal, i.e. to de­velop the first Green & Clean City in ASEAN re­gion. With the cityûs ge­o­graph­i­cal ad­van­tage and its po­ten­tial, it will fur­ther be de­vel­oped into aû healthû hub of this re­gion. (Long Stay XIENG KHOUANG Lo­cated at 1,300 me­ters above sea level, the city is be­lieved to have the high­est ozone level in the world as well as a com­fort­able cli­mate (20-25 C) all year long. The city will welcome tourist from around the world, mainly those who are plan­ning a long hol­i­day or va­ca­tion.

The com­pany will also de­velop the city to be­come a re­ha­bil­i­ta­tion cen­ter and also an in­ter­na­tion­ally ac­cepted stan­dard med­i­cal ed­u­ca­tion cen­ter in the fu­ture. This will be achieved through col­lab­o­ra­tion with med­i­cal per­son­nels from Yale Univer­sity (USA), to grad­u­ate ca­pa­ble doc­tors, nurses and health re­lated pro­fes­sion­als that are in­ter­na­tion­ally ac­cepted. The tar­get in­cludes re­tirees and, aged pop­u­la­tions from United States, Europe and Asia.

The com­pany is also en­gaged in ne­go­ti­a­tions with one of the worldûs lead­ing ac­count­ing firm, Ernst & Young from Eng­land, to work as Au­dit, Tax & Ad­vi­sory for the com­pa­nyûs sev­eral projects in Peo­pleûs Re­pub­lic of Laos. Both projects will kick off in Septem­ber 2015.

Cen­ten­nial En­er­gyûs chair­man, Raweeroj said these projects were en­vi­sioned af­ter re­al­iza­tion that it was time to de­velop the qual­ity and lives and la­bor work­forces from the Mekong river basin. With 200 mil­lion pop­u­la­tion liv­ing un­der the poverty line and min­i­mum ac­cess to ed­u­ca­tion, health, and qual­ity of liv­ing, the com­pany is ded­i­cated to its so­cial obli­ga­tions to help de­velop their liveli­hoods. With tremen­dous sup­port from HSBC bank (HONG KONG) in terms of in­vest­ment cred­its (a to­tal of 2 tril­lion US dol­lars), the com­pany was able to ini­ti­ate the projects in all 5 coun­tries, si­mul­ta­ne­ously.

More­over, these projects are im­por­tant roadmap to the de­vel­op­ment of trans­port in­fra­struc­ture be­tween big cities of the Greater Mekong Sub­re­gion, 5 coun­tries in the Ge­o­logic Cross Sec­tion of this sub­re­gion are Myan­mar, Thai­land, Laos, Cam­bo­dia and Viet­nam (East - West Eco­nomic Cor­ri­dor).

The suc­cess of these de­vel­op­ments will greatly boost the econ­omy of this re­gion and will also ben­e­fit other Asian coun­tries as well.

Prior to this, the com­pany will move for­ward to com­plete its agree­ment with Cam­bo­dia, Viet­nam and Thai­land, which is aimed to be signed by the end of this year.

Newspapers in English

Newspapers from Thailand

© PressReader. All rights reserved.