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Myanmar junta to improvise Rakhine seaport

by Kalpana Pandey
January 22, 2024
in News, Asia, Logistics, Ports & Terminals
Reading Time: 1 min read
A A
Container Depot

This meeting follows the recent signing of an addendum to the concession agreement for the deep seaport project, a crucial component of the 1,700-kilometer China-Myanmar Economic Corridor connecting Kunming in Yunnan province to the Indian Ocean, The Irrawaddy reported.

The seaport and special economic zone (SEZ) is a joint venture between China and Myanmar and the junta-backed Kyaukphyu SEZ Management Committee.

A China-brokered ceasefire between the military regime and the Brotherhood Alliance, which includes the Arakan Army, Myanmar National Democratic Alliance Army, and Ta’ang National Liberation Army, has stipulated the protection of Chinese investments and the safety of Chinese citizens in Myanmar.

Aung Naing Oo, the chairman of Myanmar Special Economic Zone Central Working Committee and a minister in the regime’s governing body, emphasized the need for closer coordination between ministries to ensure timely completion of tasks.

He expressed optimism during a press briefing last month, envisioning the Kyaukphyu port and SEZ as a pivotal hub connecting markets across Asia, Africa, and Europe, fostering socio-economic development in Myanmar and the broader region.

The recent developments are unfolding against the backdrop of ongoing conflicts, with the Arakan Army engaging the regime forces in Rakhine State.

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Tags: China Myanmar Economic CorridorKyaukphyu deep sea portMyanmarRakhine portspecial economic zone
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