CITC-Led Consortium Wins Myanmar Deepwater Port Gig

first_imgzoom A consortium led by Chinese CITIC Group Corporation has won the bid to for the deepwater port construction project in Kyaukpyu Special Economic Zone, Myanmar.The consortium comprises of CITIC Group Corporation, Chia Tai Group, CHEC, China Merchants Group, Tianjin Teda and Yunnan Construction Engineering Group.The project is estimated to be worth USD 5.4 billion, covering a total area of 4,289 acres. It has been divided into the three parts:  deepwater ports project, industrial park and residential quarters.The deepwater port projects consists of two terminals, Made Island Terminal and Yabye Island Terminal, which cover an area of 370.7 acres and 237.2 acres respectively. The project involves the construction of ten 100,000t  berths with a total length of 4.1 kilometers, a road and a bridge.The construction of the deepwater port is expected to take 20 years, divided into four stages.Once completed, the port is expected to reach annual capacity of 7.8 million tons of bulk cargo and 4.9 million TEU containers. 此页面无法正确加载 Google 地图。您是否拥有此网站?确定 My locationcenter_img Print  Closelast_img read more

Iran agrees to provide technical support to Sri Lanka

Iranian Minister of Energy and Water Hamid Chitchiaian, who attended the talks in Colombo, said that the areas of cooperation discussed between both sides included banking and investment, trading, standards, customs and economic cooperation, oil, energy and water, health, science and culture, and other mutually beneficial areas of two sides. “The agreed items are based on the political will of both sides as well as previous the bilateral experiences of both sides. I and my team thank Minister Bathiudeen and his Department of Commerce for the great hospitality extended to us during this visit.”According to the Department of Commerce, total trade between Sri Lanka and Iran surpassed $ 1 billion in 2008 but decreased to $ 162 million in 2015. (Colombo Gazette) “I understand that this session has been able to lay the foundation for some new MOUs that are of importance to both countries. I am delighted to note that your side has agreed to provide technical support relating to many fields. I congratulate both delegations for their hard work and successful outcomes achieved during a short period of time,” he said. Iran has agreed to provide technical support to Sri Lanka, the Minister of Industry and Commerce Rishad Bathiudeen said today.He said this following the end of the 11th round of Iran-Sri Lanka trade talks  in Colombo today. This was the first trade talks to be held with Sri Lanka after international sanctions were lifted on Iran. read more