Thai­land un­veils $1.7b deal for Dawei SEZ

Mizzima Business Weekly - - NEWS -

In a boost for the trou­bled Dawei spe­cial eco­nomic zone, Thai­land has an­nounced a US$ 1.7 bil­lion in­fra­struc­ture devel­op­ment deal and Ja­pan's readi­ness to sup­port the megapro­ject, me­dia re­ports said.

The an­nounce­ments in Bangkok on Jan­uary 30 fol­lowed talks there be­tween Thai and Myan­mar of­fi­cials on plans for the 100- square- mile ( 250- square kilo­me­tre) SEZ, that in­clude a deep- sea port, industrial es­tate, petro­chem­i­cal and heavy in­dus­try com­plex and high­way link to Thai­land.

Thai­land said Ital­ian Thai Devel­op­ment and Thai­land's Ro­jana Industrial Park com­pany would sign the $ 1.7 bil­lion agree­ment to de­velop the first phase of the industrial zone next month, me­dia re­ported.

Thai Deputy Prime Min­is­ter Pri­day­athorn De­vakula was quoted as say­ing the ini­tial phase would in­clude a 27- square- kilo­me­tre industrial es­tate, two- lane 86- mile ( 138km) road from Dawei to the bor­der, hous­ing for work­ers, liq­ue­fied nat­u­ral gas ter­mi­nal, power plant and a wa­ter reser­voir.

“To­day bi­lat­eral re­la­tions be­tween Thai­land and Myan­mar are at their best,” Mr Pridiy­athorn said in a state­ment is­sued af­ter the third bi­lat­eral talks on the SEZ.

He said Ja­pan was also in talks on the project.

“Ja­pan has de­clared an in­ter­est in join­ing the project and they are will- ing to share their ex­pe­ri­ence and help in terms of the tech­ni­cal and fi­nan­cial as­pects,” Mr Pri­day­athorn was quoted as say­ing in The Na­tion on Jan­uary 31.

The Myan­mar au­thor­i­ties signed an agree­ment with Ital­ian Thai Devel­op­ment in Novem­ber 2010 to de­velop what is planned to be Southeast Asia's largest industrial com­plex at Dawei.

The project was de­layed af­ter Ital­ian Thai Devel­op­ment en­coun­tered dif­fi­cul­ties ar­rang­ing fi­nance for the am­bi­tious project.

The Thai and Myan­mar au­thor­i­ties took con­trol of the project in Novem­ber 2013. [Mizzima]

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