Thailand unveils $1.7b deal for Dawei SEZ
In a boost for the troubled Dawei special economic zone, Thailand has announced a US$ 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]