Myanmar and Thailand have agreed to resume deep sea port project this year after years of suspension

Myanmar and Thailand have agreed to resume work on a deep sea port project this year, part of the infrastructure project of Myanmar's Dawei Special Economic Zone (SEZ) in southern Tanintharyi region, after several years of suspension, local media reported Wednesday.

Under a fresh memorandum of understanding signed between the two countries, the Italian-Thai Development Public Company (ITD) is allowed to begin work again, according to a report by official media the Global New Light of Myanmar.

The project, originally started in 2008, was set to build and develop a port and a highway to link the two countries' industrial zones, office and residential buildings and other infrastructures.

According to an earlier official report, Myanmar and Thailand have finalized a loan of 133 million U.S. dollars in July 2017 to prompt the re-start of the long-halted special economic zone project.                

(Myanmar Business Today: https://www.mmbiztoday.com/articles/myanmar-thailand-resume-deep-sea-port-project-after-years-suspension )

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