Myanmar to Establish Multi-Purpose Terminal in Yangon Region
06.12.2018 - NEWS

June 12, 2018 [Xinhuanet] - The Yangon Region government is seeking approval for 11 new industrial zones on the city’s outskirts and a new multipurpose port terminal near the mouth of the Yangon River to promote regional development, create jobs and attract foreign investment.


Yangon Region Chief Minister U Phyo Min Thein first revealed plans for the new industrial zones last month on the sidelines of the Yangon Investment Forum 2018 as a way to address unequal development across the region.

On Tuesday, Yangon Mayor U Maung Maung Soe submitted a report to the regional Parliament about the proposed zones, slated for the southern and northern fringes of the city. The proposed zones in Kun Chan Kone, Kawhmu, Twantay, Thanlyin, Kyauktan, Khayan, Thonegya, Taikgyi, Hmawbi, Hlegu and Htan Tabin townships are to be built on land ranging in size from 750 to 1,871 acre.

It is not clear whether the proposed zones are part of the New Yangon City project, as some of the townships listed to host some of them are in the project area.

After Parliament’s green light, the projects will be submitted to the Union government for further approval,” the mayor said in Parliament.

Also on Tuesday, the regional government submitted plans for a 1,053-acre multipurpose terminal with a 2.2 km waterfront in Kawhmu Township, in southern Yangon Region.

The new terminal would be used for export and import as the draught of the river in the area was nine meters, deeper than at the nearby Thilawa port. The new port would also have a liquid bulk terminal for storing oil imports.

In April U Phyo Min Thein said Yangon needed ports closer to the sea — which lies some 90 km from the city — because the existing ones can no longer serve the larger ships now in use.

Parliament has invited lawmakers to discuss the proposals, but a date for the debate has yet to be set.

—————————-

TankTerminals.com – Research, Market and Expand Your Presence within the Tank Storage Industry Learn more.

Green Energy Park Secures $30m to Develop Major Renewable Hydrogen Production Plant in Brazil
04.26.2024 - NEWS
April 26, 2024 [Innovation News Network ]- Green Energy Park has announced it has signed an agree... Read More
RegO Introduces Device and App Update for LPG Tank & Regulator Testing
04.26.2024 - NEWS
April 26, 2024 [Tank Storage]- RegO, part of OPW, today announced the launch of its RegO Presto-... Read More
Avenir LNG Limited Orders 2 x 20,000cbm LNG Bunker and Supply Vessels
04.26.2024 - NEWS
April 26, 2024 [Yahoo Finance]- Avenir LNG announced that it has entered into a shipbuilding cont... Read More
Equinor to Expand LNG Trading, Eyes Deals in Europe, Asia, Senior Exec Says
04.26.2024 - NEWS
April 26, 2024 [Reuters]- Norwegian energy group Equinor plans to expand its liquefied natural ga... Read More