Myanmar project to get Yingluck visit

Reading Time: 2 minutes
The Dawei industrial development in southern Myanmar is still in the early draft stage

Thai Prime Minister Yingluck Shinawatra will lead a delegation to the Dawei industrial complex in southern Myanmar next month, it was announced during a bilateral meeting with Myanmar President Thein Sein in Phnom Penh on November 19 at the sidelines of the 21st ASEAN summit.

To start off the investment push, Yingluck offered Thein two 120-megawatt gas-turbine power plants, worth 7 million baht, to support Yangon’s electricity supply.

The re-invigorated support of the stumbling multi-billion dollar development project by Yingluck has come as no surprise to regional observers because it aligns with views of her elder sibling, ousted former Prime Minister Thaksin Shinawatra, who recently made a visit to the southern special economic zone.

Both Myanmar and Thai leaders have confirmed that the first phase of the project should be completed by 2015 in order to sync up with the developmental goals included in the formation framework of the ASEAN Economic Community. However, attempts to attract the large private investments needed in infrastructure have experienced significant hurdles already, namely with the pulling out of a key Myanmar firm in July.

During their 25-minute meeting on the subject, both country leaders reaffirmed commitments made in a memorandum of understanding signed earlier in July on the project, a development seen as the new commercial gateway for Thailand, as well as other mainland ASEAN countries and China, to access sea routes to India, the Middle East, Europe and Africa.

Both sides agreed to promote state-owned and private enterprises to carry out cooperation in the energy sector.

Sub-committees have been formed to develop six specific areas, including infrastructure and construction, industry and business development, power and energy, community development, rules and regulations, as well as financing.

The eight core priority infrastructure projects that have been identified to be completed by 2015 are toll roads, a deep-water seaport, industrial estates, power plants, water supply and waste water systems, telecommunications, a high-speed train and residential communities.

Interested investors have been told to communicate with the chairmen of the Joint Coordinating Committee (JCC), which is co-chaired by Myanmar Industry Minister Aye Myint and Thai Prime Minister’s Office Minister Niwattumrong Boonsongpaisan.

The Dawei industry complex was among the most highly featured development projects discussed at the annual ASEAN Summit. Leaders also discussed connectivity projects, a key concern among the developing nations, announcing a special focus on Southeast Asian road and railway corridors.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 2 minutes

The Dawei industrial development in southern Myanmar is still in the early draft stage

Thai Prime Minister Yingluck Shinawatra will lead a delegation to the Dawei industrial complex in southern Myanmar next month, it was announced during a bilateral meeting with Myanmar President Thein Sein in Phnom Penh on November 19 at the sidelines of the 21st ASEAN summit.

Reading Time: 2 minutes

The Dawei industrial development in southern Myanmar is still in the early draft stage

Thai Prime Minister Yingluck Shinawatra will lead a delegation to the Dawei industrial complex in southern Myanmar next month, it was announced during a bilateral meeting with Myanmar President Thein Sein in Phnom Penh on November 19 at the sidelines of the 21st ASEAN summit.

To start off the investment push, Yingluck offered Thein two 120-megawatt gas-turbine power plants, worth 7 million baht, to support Yangon’s electricity supply.

The re-invigorated support of the stumbling multi-billion dollar development project by Yingluck has come as no surprise to regional observers because it aligns with views of her elder sibling, ousted former Prime Minister Thaksin Shinawatra, who recently made a visit to the southern special economic zone.

Both Myanmar and Thai leaders have confirmed that the first phase of the project should be completed by 2015 in order to sync up with the developmental goals included in the formation framework of the ASEAN Economic Community. However, attempts to attract the large private investments needed in infrastructure have experienced significant hurdles already, namely with the pulling out of a key Myanmar firm in July.

During their 25-minute meeting on the subject, both country leaders reaffirmed commitments made in a memorandum of understanding signed earlier in July on the project, a development seen as the new commercial gateway for Thailand, as well as other mainland ASEAN countries and China, to access sea routes to India, the Middle East, Europe and Africa.

Both sides agreed to promote state-owned and private enterprises to carry out cooperation in the energy sector.

Sub-committees have been formed to develop six specific areas, including infrastructure and construction, industry and business development, power and energy, community development, rules and regulations, as well as financing.

The eight core priority infrastructure projects that have been identified to be completed by 2015 are toll roads, a deep-water seaport, industrial estates, power plants, water supply and waste water systems, telecommunications, a high-speed train and residential communities.

Interested investors have been told to communicate with the chairmen of the Joint Coordinating Committee (JCC), which is co-chaired by Myanmar Industry Minister Aye Myint and Thai Prime Minister’s Office Minister Niwattumrong Boonsongpaisan.

The Dawei industry complex was among the most highly featured development projects discussed at the annual ASEAN Summit. Leaders also discussed connectivity projects, a key concern among the developing nations, announcing a special focus on Southeast Asian road and railway corridors.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid