![]() ![]() ![]() In September 2018, the Myanmar government also signed a Memorandum of Understanding on the establishment of the China Myanmar Economic Corridor that will connect Kunming, in Yunnan Province in Southern China, to the Kyaukphyu port. The port in Rakhine State will also be the entry port for the Shwe oil-gas pipeline that will send the oil brought from the Middle East to China, after being stored at the port. cross-subsidization of insufficiently funded river transport by sea. The Special Economic Zone will put about 20,000 people at risk of losing their homes due to land acquisition for the zone, according to the International Commission of Jurists, a human rights watchdog. 15 Myanma Port Authority Organization Chart. Thus, the Kyaukphyu Deep Sea Port is the first stage of the Kyaukphyu project that will also include a Special Economic Zone that will be built later on. Other controversial projects are linked to the port. The economic zone faces opposition from activists and residents who criticized the tender process for its alleged lack of transparency and said the development would have a negative impact on local people. Eventually, the cost of the project was reduced to $1.3 billion. Geodata Preview Bot updated the dataset Myanmar Sea Port 4 months ago Geodata Preview Bot updated. Attributes include Port Name, Port Type (Sea port and deep Sea Port Projects), as well as Source. The Myanmar government would have proposed a 50/50 joint venture, an offer rejected by CITIC, according to the news agency. Myanmar Sea Port Location of Sea Ports in Myanmar. FILE - Construction of new port at the Kaladan River in Sittwe, Myanmar, May 19, 2012. According to a Reuters investigation, Beijing pushed for preferential access to the deep sea port, taking a 70-85 percent stake in the project, whose cost was estimated at the beginning at $7.3 billion. India Opens Myanmar Port with Wary Eye on China. However, many in Myanmar worry about the preferential rights that will be given to China in the project and the debt that it might create for the country. Thus, the Kyaukphyu port is a key project in the China Belt and Road Initiative, a government plan to expand Chinese influence in more than 60 countries in Asia, Africa and Europe, through infrastructure projects. The new route will save about 5,000km in sailing distance for shipments traveling between China and India. It holds strategic importance for India as faces Indias Bay. The port will give China access to the Indian Ocean and will become the shortest and most economical gateway for trading goods between China and India. Kyaukphyu is a deep sea port located in the Western Coast of Myanmar in the Rakhine Province. After two years of negotiations, the Myanmar government signed in November 2018 a framework agreement with China’s state-owned CITIC Group to develop a Deep Sea Port in the area, that will be key to boost the trade between China and the West. ![]()
0 Comments
Leave a Reply. |