INDUSTRY
Governments in accord on Dawei firms
- Published: 12 Mar 2013 at 00.00
- Newspaper section: Business
Italian-Thai Development (ITD) will hold at least 25% in each of the eight Myanmar joint ventures to develop infrastructure at the massive Dawei Special Economic Zone and deep-sea port.
President Premchai Karnsasuta said the Thai contractor is pleased and relieved the Thai and Myanmar governments are supporting the project in eastern Myanmar so that ITD is not expected to shoulder much of the financial burden.
Both governments agreed a Special Purpose Vehicle (SPV) will be set up with the Thai and Myanmar sides holding a combined 60%, with the rest from Japan and South Korea.
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