Bangkok: Local and foreign companies are being sought to bid for construction projects in a special economic zone (SEZ) in Myanmar's western state of Rakhine.
The Kyaukphyu SEZ will include a 16 m deep port with container handling capabilities.
"Tenders will be opened on September 15 and we will choose winners by the end of December," said Maung Maung Thein, a deputy finance minister and vice-chairman of the Kyaukphyu economic zone management committee.
Construction of the industrial zone on 1,500 hectares of Yanbyae island would begin in early 2015, he said. The project is expected to initially cost more than $200m.
Kyaukphyu is one of three major SEZs being developed in Myanmar, along with Thilawa and Dawei. [08/09/14]