Photo shows the developing project area of Dawei Special Economic Zone
Myanmar and Thai governments will make ‘contract modification’ on the Framework Agreement to accelerate the construction of Dawei Special Economic Zone Project, an official of the Supporting Working Body of the project said.
The Framework Agreement was signed on November 2, 2010, and that granted Italian-Thai Development Pcl (ITD) the right to develop and operate over 75 years land lease period for the Dawei Project with an associated deep sea port, industrial estate, trans-border corridor link and supporting infrastructure.
The new contract with amendments will be revised and modified the policy agreement by two governments and ITD.
“Italian-Thai Development Company was hired for a project developer initially. Now both Myanmar and Thai governments will be involving as project developers,” said the official.
Two governments are mainly joining the project as developers to assist the project financially.
The preparation works are expected to complete by the end of 2012 to be able to resume the project urgently.
After completion of project preparation, investment companies involving in the project will sign the contract with relevant government ministries.
Myanmar government on March 2012 permitted a total of 50505.0233 acres of land in Dawei district of Tanintharyi Region to establish the Dawei Special Economic Zone.
President U Thein Sein and Thai Prime Minister Yingluck Shinawatra signed three MOUs on his visit to Thailand last July, including the Dawei Deep Seaport and Special Economic Zone project.
Myanmar Port Authority as authorized implementing agency and ITD on June 12, 2008 signed a Memorandum of Understanding ( MOU ) relating to the implementation of a feasibility study and comprehensive project site for the Dawei Deep Sea Port and Industrial Estates Development Project.
The project contents will be for the development of a deep sea port, an industrial estate divided into six industrial zones including a residential/commercial zone with related infrastructure within the industrial estate, a connecting road and rail link to Thailand as well as oil and gas pipeline from the Gulf of Muttama to the Myanmar and Thailand border along the road and rail link.