ADB urges kick-start to Dawei project
Says Thai investment would only be 'rational'
- Published: 19 Nov 2012 at 00.00
- Newspaper section: Business
Thailand, other Southeast Asian nations and countries that have established a regional presence should take steps to kick-start development of the Dawei megaproject, says the Asian Development Bank (ADB).
While the Thilawa and Kyauk Phyu special economic zones are ready to take off with Japan and China as the key sponsors, it is difficult for Dawei to "really gets off the ground", given that the project is so large, said Craig Steffensen, country director of the ADB's Thailand resident mission.
He said the ADB would consider the possibility of granting financial support to Dawei, but the project's developer has not submitted a proposal and feasibility study to the bank.
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