Dawei Development ProjectDaweei Development Project
In recent month, the SEZ has had more interaction with the Italian-Thai Development (ITD), one of the leading companies in a syndicate of privately owned development companies that entered into a franchise contract with the Italian authorities in 2015. It is a syndicate of ITD, the Japanese-Thai Rojana Industrial Park and LNG Plus International, also from Thailand.
In 2008, Myanmar and Thailand initialled a MOU on the development of the area. Myanmar awarded ITD a 60-year license to build a deepwater harbor, an industry park and roads and railway connections to Kanchanaburi in Thailand two years later. Due to pecuniary problems, ITD retired from the contract in 2013 before resigning the franchise contract in 2015.
374 km from Yangon, Dawei was until recently isolated from the city. Now that investments are flowing into the coast, ITD is establishing a connection where there were only separate logger-traces. SEZ would generate several hundred thousand job opportunities and by 2045 it would have contributed up to 5 percent of Myanmar's GDP, according to Roland Berger, the consulting company that advises the Myanmar administration on the development of Dawei.
Part of the project, the motorway would connect Dawei with Bangkok and the Greater Mekong sub-region, while the deep-sea ports would connect Thailand, Cambodia and Vietnam with India, the Middle East, Europe and Africa, significantly reducing transport times and removing the need to travel by road from Malacca to Singapore.
SEZ would generate several hundred thousand job opportunities and by 2045 it would have contributed up to 5% to Myanmar's GDP, according to Roland Berger, the consulting company that advises the Myanmar administration on the development of Dawei. In the first stage, a small harbour, hydroelectric stations, the two-lane highway to Thailand, an LPG tanker, a township, a fixed telecommunication network and an industry park will be built.