Government will invite local and international investors to build infrastructure for China- Myanmar Economic corridor project (Directorate of Investment and Companies Administration – DICA)

YANGON- Government will be inviting local and international investors aiming to build basic infrastructures such as industrial zones, urban development projects and agricultural zones which are being included in China-Myanmar Economic Corridor project, says Directorate of Investment and Companies Administration (DICA).

China is implementing the One Belt, One Road Initiative. Moreover, economic corridor project also includes in the Initiative.

 “In conclusion, China plans to build economic corridor starting from Myanmar border area to commercial hub of Yangon. Concerning this project, urban development, IT sector, agricultural and industrial zones will emerge. And then, border trade and tourism industry will be blooming. We have a plan to implement China-Myanmar economic corridor which is under One Belt, One Road Initiative. Myanmar delegation led by the Union Minister went to China last month. But, we didn’t reach the stage of signing. The project will be implemented after holding a discussion with both sides’ leaders,” said Aung Naing Oo, Director-General of the DICA.

He continued that the project would bring the more results in conjunction with the emergence of railroads, motor roads and jetties. Not only China but also Myanmar citizens would be participating in the economic platform project.

The Planning and Finance Ministry announced a statement on February 9th that final discussion on China-Myanmar Economic Corridor MoU (draft) had been held.

Moreover, Myanmar delegation met with officials from Bank of China, in Beijing on February 6th, according to the DICA’s Facebook Page.

(Eleven Media Group: http://www.elevenmyanmar.com/business/13649 )

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