Ministries Myanmar

Myanmar Ministries

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Departments for the selection of the Belt and Road sectors

Myanmar is preparing to choose its priority among the proposed China-Myanmar corridor project that will be backed by the Beijing Belt and Road Initiative," said U Than Aung Kyaw, Assistant Director-General of the Directorate of Investment and Company Administration (DICA) of the Myanmar Times. In order to pave the way for the realisation of the business corridor, talks were conducted between related ministries to choose the project and to prioritize some for further developments.

"We asked the ministries concerned to tell us which plans they would like to work together along the hallway. First of all, we will concentrate on the negotiating of the various proposals. We are negotiating what kind of plans our ministries will select if the budgets are only for one plan, if we are negotiating with China," said U Than Aung Kyaw.

This includes primary infrastructures and terrestrial and maritime infrastructures, as well as those for the promotion of agricultural, transportation, production and health care industries. It will cover all participating industries, whether public or privately owned. Some of the industries covered are farming, personnel growth, telecommunication and building.

Ministries will present a project schedule to discuss with their Chinese colleagues. According to PwC Growth Markets Centre, the state is linked to two of the six Belt and Road Initiative (BRI) business lanes. It underscores its geo-political advantages in easing the link between China and South Asia and in promoting inclusion within the ASEAN group.

Last year's PwC survey shows how Myanmar is participating in two of Beijing's six major business corridors: the Bangladesh-China-India-Myanmar "amphibious" channel and the China-IndoChina Peninsula seaway. South-East Asia and South and Central Asia are hot spots for China's investment in infrastructures. Each of the three areas is connected by the six business lanes of the FBC.

There are four mainland sections, among them the New Eurasian Pier, the new China-Mongolia-Russia, China-Central Asia-West Asia and China-Pakistan highways. On the other hand, the Bangladesh-China-India-Myanmar and China-Indochina peninsulas are either hybrids or "amphibious" lanes. Burma is part of these two, which together form the "Silk Road of the 21 st century".

All of the business lanes complement each other and cover major sectors such as railway, motorway, electricity, port and airport infrastructures. Myanmar's inclusion in the two trade lanes underlines its importance both for the bridge between China and South Asia and for intensifying the process of integrating ASEAN.

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