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Dawei SEZ out to tender as Ital-Thai steps aside [Myanmar]

Italian-Thai Development will step aside as the developer of the Dawei Special Economic Zone, a Myanmar government official told The Myanmar Times…Thura U Thaung Lwin, chairman of the Dawei project’s management committee, said…that Ital-Thai did not have enough money to develop the huge site…He added that some components of the SEZ would be shifted to avoid relocating villages but details of these changes to the project will be decided during…June discussions…Ital-Thai and Myanmar Port Authority signed a framework agreement for the Dawei project in 2010. The ambitious project was to cover 250 square kilometres, with the first phase projected to cost nearly US$9 billion.

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