European Union countries are poised to invest in Thilawa Special Economic zone in Myanmar along side with companies from Japan, Hong Kong, and Singapore and the US, according to a recent meeting held at the township administrative office.
The Thilawa project will be implemented
in two phases such as class A and class B. In Class A, there will be
automobile factory and electronic factory and other industries, housing,
schools, hospitals and recreation area.
In class B, there will be garment and
food factories. Basic infrastructures such as paving, distribution of
electricity and water, discharging of waste water are being carried out
in 5,930 acres of land.
“Special economic zone project is a
Myanmar- Japan joint project. Many countries are interested in doing
business. The land will be leased for 50 year contract. Class A will be
completed in 2015,” chairman of the zone said.
source: Eleven Myanmar
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