Kyaukphyu SEZ to finalize plan in November

A master plan for the Kyaukphyu Special Economic Zone (SEZ) will be finalised in November this year, according to the tender selection committee.

The project in Myanmar’s western Rakhine State aims to attract potential developers who will be chosen after a tender process.

“The plan will include not only Kyaukphyu area but also Ramree and Manaung Islands for development,” said Ba Shwe, a member of the Tender Invitation and Selection Committee.

Singapore-based CPG Consultancy has been contracted to attract international developers and investors to develop the project. The job contract was signed on May 26 in the capital Nay Pyi Taw.

“The site for Kyaukphyu SEZ has already been designated. But its location is within two kilometres of a mud volcano. This will cause difficulties in dealing with insurance companies. Therefore, we will find a better site which is not a religious ground, cemetery or farmland,” said Aung Kyaw Than, co-secretary of the project’s tender committee.

source: Eleven Myanmar

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