22 July 2014 | Eleven News
Japanese officials from the ministry of economy, trade and industry met with the committee chairperson of the Dawei Special Economic Zone on July 20 to discuss investing in the project.
The Dawei Special Economic Zone project was to be carried out by the Italian-Thai Development Plc (ITD) but was halted after the company sought more international backing and financing.
“The Japanese government intends to invest in the Dawei SEZ project. The meeting was about current situation of the project,” said a high ranking official for the ministry of rail transportation.
The ninth bilateral meeting between Myanmar and Thailand was held in Nay Pyi Taw from July 8 to 9 and focused on how to restart the Dawei Special Economic Zone Project.
A draft due diligence assessment by ITD was presented at the meeting, so as to help international investors and developers see what parts of the project needed more financing.
Last December, the Myanmar Ports Authority told a press conference that ITD could not manage the entire project by itself and halted the project implementation pending further negotiations.