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Dawei Project's Viability Questioned

4 May 2012

The top political adviser to Burmese President Thein Sein has questioned whether Italian-Thai Development Plc, Thailand’s largest construction company, has the ability to oversee a massive project to develop a deep-sea port and special economic zone in southern Burma. The US $8.6 billion project in Tavoy, or Dawei, will need other big investors to succeed, said presidential adviser Ko Ko Hlaing in an interview with Bloomberg. Thein Sein pitched the project to Japanese investors during meetings in Tokyo last month, he said.