Monday, 23 July 2012 11:52
Mizzima News
Burmese President Thein Sein quickly got down to business in Thailand
during his three-day visit that started on Sunday, immediately visiting a
huge Thai port and industrial zone south of Bangkok.
During his visit, Thein Sein will meet with Prime
Minister Yingluck Shinawatra on ways to develop the Dawei project and a
planned transportation corridor connecting to Thailand.
Yingluck told The Nation
newspaper that economic cooperation between Thailand and Burma,
particularly the joint development of the Dawei port project and the
link to the Laem Chabang port, would be a top priority in their
discussions.
The two countries will sign three Memorandums of Understanding on development.
A
Thai official said the Dawei-Laem Chabang link will benefit Thailand by
shifting transportation from road to railways, which will reduce
logistics costs and increase productivity by cutting travel time from
Laem Chabang to India's Chennai from six to three days.
The
initial investment in Dawei has been estimated at US$ 8.6 billion.
Estimats of the total cost are up to $60 billion. The project includes
refineries, power plants and shipping facilities designed to make Burma a
key hub in transporting good into Southeast Asia and China.
A Thai official told The Bangkok Post
that Thein Sein made the right decision when he postponed his trip to
Thailand earlier this month because his visit might have received less
attention, coming as it did at the same time as a visit by Burmese
opposition leader Aung San Suu Kyi to Thailand.
The two governments will now have more time to discuss important issues, he said.
“President
Thein Sein is the key person whom the international community should
support to move reform and national reconciliation in Myanmar ahead,”
the official told the Bangkok Post.
“Daw Aung
San Suu Kyi is important, of course, as the symbol of democracy in the
country, but President Thein Sein is the person responsible for reform.”
Original Page: http://www.mizzima.com/business/7575-thein-sein-yingluck-focus-on-dawei-project.html
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