Singapore consortium to develop Myanmar special economic zone

kyaukpyu-deep-sea-portA Singapore-based consortium led by CPG Consultants has been appointed to develop the master plan for one of three large special economic zones planned by Myanmar that will include a deep-sea port and an industrial park.

The CPG consortium that will help plan the development of Myanmar’s Kyauk Phyu Special Economic Zone (SEZ) include real estate services firm DTZ Debenham Tie Leung, Ernst & Young Solutions LLP and consultancy Global Maritime And Port Services.

Kyauk Phyu, in western Myanmar, is one of three SEZs earmarked for development by the country’s government. The other two SEZs are Dawei in the south of the country and Thilawa, which is near Yangon.

When fully developed, the Kyauk Phyu SEZ will cover some 75 square kilometers.

The consortium will invite interested firms to submit their expressions of interests in July 2014 for phase one of the economic zone, which will include three key elements – development of a deep sea port, an industrial park, and an integrated residential area with education, health care, and recreational facilities.

Nina Yang, executive director of CPG Consultants, said: “It is the window to future urban growth of Myanmar. There are about seven urban centres in the northern part of Myanmar, which is untapped. That’s within Myanmar, then it is the window to southwest of China, and also to eastern India.

“In the short term, we are looking at three major kinds of industries: construction materials industry, textiles.”

On its part, the Myanmar government will upgrade the existing road network in Kyauk Phyu SEZ. A new power plant and power lines are also under construction, CPG said but declined to say how much the development of the SEZ is expected to cost.

CPG Consultants is a subsidiary of CPG Corp, the corporate entity that was once Singapore’s Public Works Department.

The Kyauk Phyu economic zone is expected to contribute to Myanmar’s economic growth forecast of 8.6 per cent over the next decade. Phase one is expected to create 50,000 jobs for locals.



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A Singapore-based consortium led by CPG Consultants has been appointed to develop the master plan for one of three large special economic zones planned by Myanmar that will include a deep-sea port and an industrial park. The CPG consortium that will help plan the development of Myanmar's Kyauk Phyu Special Economic Zone (SEZ) include real estate services firm DTZ Debenham Tie Leung, Ernst & Young Solutions LLP and consultancy Global Maritime And Port Services. Kyauk Phyu, in western Myanmar, is one of three SEZs earmarked for development by the country's government. The other two SEZs are Dawei in the south...

kyaukpyu-deep-sea-portA Singapore-based consortium led by CPG Consultants has been appointed to develop the master plan for one of three large special economic zones planned by Myanmar that will include a deep-sea port and an industrial park.

The CPG consortium that will help plan the development of Myanmar’s Kyauk Phyu Special Economic Zone (SEZ) include real estate services firm DTZ Debenham Tie Leung, Ernst & Young Solutions LLP and consultancy Global Maritime And Port Services.

Kyauk Phyu, in western Myanmar, is one of three SEZs earmarked for development by the country’s government. The other two SEZs are Dawei in the south of the country and Thilawa, which is near Yangon.

When fully developed, the Kyauk Phyu SEZ will cover some 75 square kilometers.

The consortium will invite interested firms to submit their expressions of interests in July 2014 for phase one of the economic zone, which will include three key elements – development of a deep sea port, an industrial park, and an integrated residential area with education, health care, and recreational facilities.

Nina Yang, executive director of CPG Consultants, said: “It is the window to future urban growth of Myanmar. There are about seven urban centres in the northern part of Myanmar, which is untapped. That’s within Myanmar, then it is the window to southwest of China, and also to eastern India.

“In the short term, we are looking at three major kinds of industries: construction materials industry, textiles.”

On its part, the Myanmar government will upgrade the existing road network in Kyauk Phyu SEZ. A new power plant and power lines are also under construction, CPG said but declined to say how much the development of the SEZ is expected to cost.

CPG Consultants is a subsidiary of CPG Corp, the corporate entity that was once Singapore’s Public Works Department.

The Kyauk Phyu economic zone is expected to contribute to Myanmar’s economic growth forecast of 8.6 per cent over the next decade. Phase one is expected to create 50,000 jobs for locals.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00