Japanese investors are keen to do business for the development of Tanintharyi Region including Dawei Special Economic Zone (SEZ)7 Nov 2019
YANGON- Japan is keen on businesses for the development of the whole Taninthayi Region including Dawei Special Economic Zone (SEZ) and are now carrying out research into the project, says Aung Htoo, Deputy Minister of Commerce.
Despite plans that have been in development regarding the implementation of Dawei SEZ over a decade ago, it was delayed.
Among the extant SEZs in Myanmar, Thilawa SEZ see the most development and is being implemented together with the Japanese government.
“Dawei SEZ was implemented over 10 years ago by joining hands with the Italian-Thailand Company. But, it was long-delayed project and the company’s budget is weak. On the other hand, we need to fulfill basic requirements for success in implementing the project. There have been many facts. For example, we are going to rent the land plot and provide secure transportation access. Moreover, we are going to approve the environmental conservation, EIA and SIA reports,” said Aung Htoo.
Delays were reportedly due to the infrastructural weaknesses, particularly with the roads and electricity supply.
“Both governments recognized that there have been challenges to the implementation of Dawei SEZ. For Dawei SEZ, such as the Ministry of Electricity by their electricity distribution. Moreover, both sides are going to review their policy concerning the Special Purpose Vehicle-SPV,” said Assistance Secretary Khin Maung Lwin of the Ministry of Commerce.
The ninth Myanmar-Thailand Joint Coordinating Committee (JCC) Meeting for the Comprehensive Development in the Dawei SEZ was held in Nay Pyi Taw on November 3rd.
The JCC meeting discussed about the ongoing plans to be carried out by Myanmar and Thailand aiming to develop the Dawei SEZ, implementation programs to be conducted main project together with the preliminary project, the role and organization of SPV Dawei SEZ Development Company Limited , future works on construction of two-lane motor vehicle road and holding of Myanmar-Thai Joint High-level Committee (JHC).
(Eleven Media Group: https://elevenmyanmar.com/news/japan-is-keen-to-do-business-for-development-of-taninthayi )