Independent journal on economy and transport policy
01:27 GMT+2
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Chinese CITIC has signed an agreement in order to start the construction of the Burmese port of Kyauk Phyu
An investment of 1,3 billion dollars will be necessary
November 9, 2018
The government of Myanmar has undersigned a preliminary agreement with Chinese group CITIC centralized on the construction of a port and an industrial center to Kyauk Phyu, resort situated in the State of Rakhine, on the western coast of the Country. The project is under consideration from years and the understanding which signed yesterday previews the realization of single the first phase with a previewed investment of 1,3 billion dollars regarding beyond seven billions estimated necessary for the performance of the entire project.
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