Jump to content

[Myanmar] Dawei Project Kept Afloat With Thai Loans


Recommended Posts

Posted

The proposed Dawei deep-sea port project in southern Burma has a new lease on life, thanks to a plan by Thai banks to provide short-term loans until an expected Japanese loan of up to $3.2 billion can be secured, according to a report by Reuters. “Italian-Thai has had difficulty in mobilizing the funding. So now the Thai government has effectively taken over the project,†said Thaung Lwin, the chairman of the Dawei SEZ, referring to the Thai company that originally signed a deal in 2010 to build the $50-billion project. Japan is expected to become the project’s biggest shareholder.



Source: Irrawaddy.org

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...