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Burmese, Thai Leaders Agree to Speed up Dawei Project

28 September 2012

Burmese President Thein Sein and Thai Prime Minister Yingluck Shinawatra agreed to speed up the Dawei deep-sea port project in southern Burma during a meeting on the sidelines of the UN General Assembly in New York, according to a report by The Bangkok Post. Italian-Thai Development Plc, Thailand’s largest construction company, is under contract to build the multi-billion dollar port and industrial zone project, which has stalled in recent months due to financing problems. However, recent Thai government promises to provide financial backing have given the project a kick start.