1,700-km-long project will connect China’s Yunnan Province to Mandalay, Yangon and Kyaukphyu Special Economic Zone.
Speaking at an investor forum in Singapore, the DICA official said last year saw the lowest rate of foreign investment in Myanmar since 2013.
Beijing’s aggressive approach could see it grab most of the benefit of reforms.
The huge infrastructure project is part of Beijing’s One Belt One Road Initiative; critics warn of potential for Myanmar to fall into a debt trap
Rethinking the financial basis of the project could keep the strategically vital deep-sea port from falling into China’s debt trap.