A Thai government study says the investment costs of the much-delayed Dawei port and industrial special economic zone in southeast Burma have risen to US $10.7 billion, up from $6.6 billion projected two years ago, The Nation reports. Of the total expenditure $8.2 billion would be spent in Burma, while the remainder would cover transport and power-connections in Thailand. The first project phase, which is scheduled to end in 2015, would cost $6.8 billion. Burma is seeking to replace the previous Italian-Thai project developer with a new holding company comprising the Burmese government, Thai state-owned companies and Japanese investors.
Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang
Myanmar National Democratic Alliance Army troops are opening roads and pathways through forests for people to flee Kokang’s capital as...
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