kyaukpyu special economic zone

Kyaukphyu Special Economic Zone project will be developed after Kyaukphyu Deep Sea port Project in Rakhine State, Union Minister for Commerce Dr. Than Myint told the Daily Eleven. Photo: Phoe Htaung. By Zhang Tian. One of the areas chosen to host one of … "In the meetings, President Xi focussed on three main projects under the Belt and Initiative and part of the CMEC (China-Myanmar Economic Corridor). Kyaukpyu is expected to become a major economic center on the Bay of Bengal through the construction of a deep-water port and the opening of a special economic zone. Myanmar and China agreed to the project in 2011, but no progress was made beyond the agreement. Among them is the Kyaukphyu Special Economic Zone, a China-backed project in Rakhine State. The master plan forms the basis for a tender process of the Phase One development to take place in 2014. Chinese enterprises holding development rights look to build a deep-water port, an industrial park and … A total of 100,000 locals are expected to be hired. Kyaukpyu is a coastal town along the Bay of Bengal in Myanmar’s western-most state of Rakhine. This scepticism reflects recent bad experiences with infrastructure projects in the area, where officials … The Head of China Desk of the Institute of Strategic Policy (ISP Myanmar) Daw Khin Khin Kyaw Kyee, said that the key BRI (Belt and Road Initiative) including the Kyaukpyu projects are not commercially viable. The port is part of two projects, which also include an industrial park, to develop a special economic zone in Rakhine. The development of a special economic zone (SEZ) around Kyaukphyu in Myanmar’s Rakhine State could move closer to reality before the end of the year with the naming of tender winners for the development of factories, new housing and infrastructure. The project covered the construction of 10 sq.km industrial park area. The CMEC envisages to have Kyaukpyu deep sea water port ($1.3 billion) with two berths in its initial phase including Kyaukpyu SEZ ($2 billion); China-Myanmar oil and gas pipeline ($5 billion); Mandalay Yida Economic and Trade Cooperation Zone ($4 billion); Tagaung Taung (Dagongshan) Nickel Industry Development Project ($820 million); Letpadaung copper mine project ($1 billion); … A request to the PRC government: Please do guarantee the local people’s right to work before the Kyaukpyu Special Economic Zone begins construction. The Kyaukpyu Special Economic Zone is located along the central western coast of Myanmar on Ramree Island. Kyaukpyu Special Economic Zone, Myanmar. With regard to these projects, this report addresses the following questions. “A framework agreement to launch the first phase of Kyaukphyu Deep Sea Port Project will be signed during this year. This SEZ targets multinationals from the business sectors of: exportation, oil and gas, logistics, and service industry. The first phase of Kyaukphu Deep Sea Port Project will be developed with a total Listen to the audio pronunciation of Kyaukpyu Special Economic Zone on pronouncekiwi. Main article: Kyaukphyu Special Economic Zone. 1200 kilometers roadway and railway will linked between SEZ and Yunnan Province of China. A further reason for China to prefer the NLD is the coup’s impact on Myanmar’s overall stability. Debt Trap is originally a western economic term, meaning that a debtor accepts a debt tempted by certain interests and then is trapped in a long-term debt obligation which is hard to get free from due to high interest rates, changing pay-off plans or unreasonably high penalties for late payments. On a local level, what do residents think about the project and which demands do they voice? CITIC is also investing another USD 3.2 billion to develop the Kyaukpyu Special Economic Zone project on Ramree Island. Tender Notice For Environmental … Bids for Kyaukpyu Special Economic Zone. According to state-run media, the government in Burma will offer development bids in the Kyaukpyu Special Economic Zone (SEZ). When the industrial zone is operating at full capacity, an annual $3.2 billion earning is expected. Tags: Kyaukpyu Special Economic Zone, railroad, SEZ, Shwe Gas. An oil and gas terminal financed by the China National Petroleum Corporation is in the final stages of construction, and a pipeline linking Myanmar … The main stated reasons were to find new markets for Chinese goods and services, build up Chinese brand names and increase China’s foreign investments. Kyaukphyu Special Economic Zone. Kyaukpyu Special Economic Zone. An industrial zone project within the Kyaukphyu Special Economic Zone (SEZ) in Rakhine State will be developed for US$30 billion, deputy commerce minister U Aung Htoo told Pyithu Hluttaw this week. Government of Myanmar planned to develop Kyaukpyu Special Economic Zone Industrial Park Project in Kyaukphyu, Rakhine, Myanmar. One of the strategies followed by the government to boost this growth has been the establishment of Special Economic Zones (SEZ) [1]. Kyaukpyu SEZ is situated on Myanmar’s western coast, with fast sea route to India and China; land and air transportation is being implemented in this SEZ to improve logistics between China and Myanmar. “Kyaukpyu Special Economic Zone is directly related with the development of Myanmar and Rakhine State as well, and we must strive for successful implementation of the zone,” said Vice President U Henry Van Thio. “Both Myanmar and Japan governments jointly established the Thilawa SEZ. Kyaukphyu SEZ was first announced in September 2013. In 2015, a consortium of six companies led by the China International Trust and Investment Corporation (CITIC) won the tender for building the Kyaukpyu Special Economic Zone (SEZ), one of three such zones in the country. 2. The area already serves as port for export and transportation of Myanmarian goods, such as rice. The plans for local development should be approved by the local people, and the companies that make investments should also obtain the consent of the local people. Description: Myanmar has seen a quick economic development since the military junta launched political reforms towards democracy in 2011 after almost 50 years of dictatorship. The 28-year-old web designer said that since the country’s military coup on February 1, many of her Myanmese friends had bombarded her with … Under the terms of the deal, CITIC will build and then run the project for 50 years with a potential extension of another 25 years. A Special Economic Zone is also being planned for Kyaukphyu. The port project is valued at $7.3 billion and the SEZ at $2.7 billion. [Mandalay Station.] The announcement of the winner for the first stage of building the special economic zone (SEZ) in Kyaukpyu has been postponed. The project was resurrected in 2018, and most recently it was reported that a feasibility study for the Mandalay to Kyaukpyu railway would be ready in 2022. During Chinese President Xi Jinping's state visit to Myanmar on Jan. 17-18, the two sides agreed to strengthen their BRI cooperation, and work hard to push forward the construction of the Kyaukpyu Special Economic Zone (SEZ), according to a … accompanying special economic zone (SEZ). CITIC was awarded the tenders in both initiatives in 2015. Of the three special economic zones, Thilawa, Dawei, and Kyaukpyu, the Thilawa SEZ has shown huge economic growth and the most improvement, said U Aung Htoo, the Deputy Minister for Commerce. Latest News. A Singapore-based consortium led by CPG Consultants has been assigned the development of the master plan for Kyauk Phyu Special Economic Zone (KP SEZ), in close cooperation with the Bid Evaluation and Awarding Committee of KP SEZ. The project proponents sad the port will bring a total of US$6.5 billion in tax revenue and the industrial zone will bring $7.8 billion over a 50-year period. Kyaukphyu Special Economic Zone (Burmese: ကျောက်ဖြူအထူးစီးပွားရေးဇုန်; abbreviated Kyaukphyu SEZ) is a 1,600 hectares (4,000 acres) Burmese special economic zone being developed on Kyaukphyu, Ramree Island, Rakhine State. Wechat. Thank you for helping build the largest language community on the internet. Along the Bay of Bengal on the west tip of Myanmar, the town of Kyaukpyu in Rakhine State sits tranquilly on a 25-meter deep harbour. The industrial zone will be developed on 2400 acres of land and a … Twelve foreign and domestic firms have been shortlisted by the SEZ development committee, which failed to name any of them in a … The Kyaukpyu SEZ project could consolidate trade and economic ties between Myanmar and China's southwest region, push for stronger cooperation in … The industrial park project would be constructed in 3 … In early July, the new Burmese Minister of Finance Soe Win expressed his desire to make progress on the Kyaukpyu Free port programme. Kyaukpyu is designated as a special economic zone. This deep-sea port, surrounded by superb natural conditions, could be developed into another demonstration project under the framework of the Belt & Road Initiative (BRI), mutually benefiting both Myanmar and […] The Kyaukpyu SEZ includes a deep-sea port and an accompanying industrial park nearby. Management officials decided that the announcement will be made in February, rather than in December 2014 as originally planned. The Kyaukpyu SEZ project could consolidate trade and economic ties between Myanmar and China's southwest region, push for stronger cooperation in … The Muse-Mandalay section is 431 … Thilawa Special Economic Zone. Kyaukpyu special economic zone. Why does China want the Kyaukpyu Special Economic Zone? In 2006, China’s president Hu Jintao outlined a new “going global” strategy, which included an increase in the number of Chinese Special Economic Zones globally. Consortium of CITIC Limited and Government of Myanmar was the DBFOT developer with a 50-year concession for the industrial park project. Communities affected by the development of the Kyaukphyu SEZ are concerned about speculators improperly buying-up land and are worried they will be displaced without due compensation. These were the New Yangon Project, the Kyaukpyu Deep Sea Port with the SEZ (the latter only to sweeten the deal and keep the Myanmar side interested) and the China-Myanmar Border Cooperation Zone. The Kyaukpyu SEZ plan is included an industrial zone, residential housing estates and a deep-water port and to cover about 11 miles near Sit Taw and Si Maw Village. The three projects New Yangon City, the Kyaukpyu Deep Sea Port and Industrial Zone and China-Myanmar Economic Cooperation Zone seem to be far from meeting the criteria. 1. In Kyaukphyu, China and Myanmar have agreed to construct a special economic zone (SEZ) which is planned to consist of an industrial park and a deep sea port. More investment and more development are being advocated by the Suu Kyi government as a strategy for bringing peace to Rakhine State. CITIC Consortium from China owns 51 percent of the industrial zone while the Myanmar government owns 49pc, he said. Posted on 10 September 2013. Sign in to disable ALL ads. In 2016, subsidiaries of China’s CITIC Group Corporation, including China Harbor Engineering Company, won contracts for two major projects in the town—the dredging of a deep-sea port and the creation of an industrial area in an accompanying special economic zone (SEZ).

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