Thai PBS Thai PBS
Myanmar cancels Thai investment in controversial mega-port

Myanmar cancels Thai investment in controversial mega-port

22 Sept 01:53 Key points summarised by AI
  • Myanmar terminated contracts with Italian-Thai Development (ITD) for the Dawei deep sea port project, citing a loss of confidence.
  • The cancellation stems from ITD's repeated delays, breaches of financial obligations, and failure to confirm their financial capacity.
  • The Dawei mega-project, intended to attract foreign investment, has faced numerous setbacks including funding struggles and local opposition.
  • Myanmar announced it would now seek new developers to invest in the long-delayed port and industrial zone project.
Read full article
Asean 1/1
Skip > Skip >