New Myanmar Port Targets Agri-exports

• Proeksa Meas
• 10 July 2016
• Construction Focus
• 2574 Views

The Thilawa Special Economic Zone, a JV between Myanmar and Japan, is investing $29 million on developing a new port and building infrastructure for transporting agricultural products.

The 15,000 hectare development is being driven by the Myanmar Agriculture & General Development Public Limited (MAGDPL) which was established by local agricultural merchants, according to Deal Street Asia.

The facility at the SEZ in Southeast Yangon will include a sea port, buildings and warehouses for handling peas, sesame and farm products. It is expected to take three years to complete. The majority of the investors in the SEZ are from Japan and Hong Kong.