YANGON : Myanmar has planned to develop its third special economic zone (SEZ) in western Rakhine state’s Kyaukpyu, assigning a Singapore- based consortium to develop a master plan for the move, state media reported yesterday, reports Xinhua.
CPG Consultancy Ltd, which leads the consortium, will serve as the key advisor for choosing and inviting international developers to the Kyaukpyu SEZ under an agreement signed with the Committee of Bid Invitation and Selection for the Kyaukpyu.
The Myanmar government and the consortium will select construction companies in December using an international bid process, the report said, adding that the chosen companies is to draw detailed plans in the first two months of 2015.
The 227-million-US-dollar project, which is part of plans to create a “mini-Singapore” on an island off in Myanmar, will include a deep-sea port and an industrial park and residential development with education, healthcare and recreation facilities.
While CPG is building a new power plant and power lines for the project, Myanmar will also upgrade the existing road network in the SEZ project.
CPG Consultancy Ltd, which leads the consortium, will serve as the key advisor for choosing and inviting international developers to the Kyaukpyu SEZ under an agreement signed with the Committee of Bid Invitation and Selection for the Kyaukpyu.
The Myanmar government and the consortium will select construction companies in December using an international bid process, the report said, adding that the chosen companies is to draw detailed plans in the first two months of 2015.
The 227-million-US-dollar project, which is part of plans to create a “mini-Singapore” on an island off in Myanmar, will include a deep-sea port and an industrial park and residential development with education, healthcare and recreation facilities.
While CPG is building a new power plant and power lines for the project, Myanmar will also upgrade the existing road network in the SEZ project.
