Foreign investment sought at Myanmar’s ports

Bangkok: The Myanmar Port Authority is laying out the red carpet for foreign port investors as it looks to bolster infrastructure to help exports.

“The country in its current situation lacks the technical know-how and foreign investment to support ongoing development projects like deep sea ports, ports and terminals,” Kyaw Oo, the deputy chief engineer for Myanmar Port Authority (MPA), said at a conference last week. He said the nation’s main two ports, in Yangon and Thilawa, were suffering from severe overcapacity.  [24/03/14]

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