Political uncertainties in Thailand, a lack of public support and global economic conditions make the construction of a canal across the Isthmus of Kra unlikely for now.
When Beijing sent a member of its elite Politburo to press for implementation of China’s BRI projects, Myanmar officials stressed the need for ‘quality investment’.
Germany’s Roland Berger Co. will oversee a tender process to allow global firms to bid against China’s CCCC to develop infrastructure for the New Yangon City project.
China’s top diplomat on Tuesday lobbied the State Counselor and President to begin work on BRI projects; expert says Beijing wants assurances before November’s election.
In a bizarre statement, Yatai IHG also insists it is not behind illegal gambling going on at the site, while revealing plans for a ‘twin city’ project on the Thai side.
China’s foreign affairs supremo, Yang Jiechi, is expected to visit Myanmar at some point this week, the embassy in Yangon has announced.
Myanmar’s military and government have looked the other way as a megaproject backed by shadowy Chinese interests threatens peace and social stability in Karen State.
A careful observation of the Myanmar government’s approach to China shows that it is using great caution in its relationship with Beijing.
Myanmar’s investment agency has approved a joint venture between a government committee and Chinese consortium CITIC to develop the Kyaukphyu SEZ and port in Rakhine.
In a meeting with the Chinese ambassador, commander-in-chief Snr-Gen Min Aung Hlaing reiterated the Tatmadaw’s support for China’s infrastructure projects in Myanmar.
Countering fears over China’s push to include BRI projects in economic recovery plans, a senior official said the projects don’t meet government criteria for inclusion.
Serge Pun says megaprojects under China’s Belt and Road Initiative are crucial to Myanmar’s recovery from COVID-19 as they can create employment.
During a call on Wednesday, Chinese President Xi Jinping and Myanmar President U Win Myint discussed how to speed up cooperation on Belt and Road Initiative projects.
The Chinese ambassador to Myanmar has pushed to incorporate Beijing’s key strategic development projects into Myanmar’s COVID-19 Economic Relief Plan.
Kachin State has signed an MOU to develop a border business park with a joint venture between a Chinese company and a firm linked to a government-allied Kachin militia.