Joint ventures are set to be created by 1042 Italian-Thai Development (ITD) for road management and other aspects of the Dawei industrial zone and deepsea port megaproject in Myanmar.
Eight joint ventures will be formed to run roads, water, rail, industrial estates, power, telecommunications, a port, and to relocate residents of Dawei. ITD may only own a stake of 3%-5% in each investment company via Dawei Development, its affiliate.
Under the first stage of the project, which is worth US$8.50 billion, ITD has begun building a road of four lanes stretching 155km between Ban Phy Namron in Thailand's Kanchanaburi province and Dawei. Firms that have expressed interest in taking part in the project include those from South Korea, Thailand, Europe, Japan and China. The first stage will be finished in 2014 and involves utilities, an industrial estate, a port, power plants, roads and logistics.
Eight joint ventures will be formed to run roads, water, rail, industrial estates, power, telecommunications, a port, and to relocate residents of Dawei. ITD may only own a stake of 3%-5% in each investment company via Dawei Development, its affiliate.
Under the first stage of the project, which is worth US$8.50 billion, ITD has begun building a road of four lanes stretching 155km between Ban Phy Namron in Thailand's Kanchanaburi province and Dawei. Firms that have expressed interest in taking part in the project include those from South Korea, Thailand, Europe, Japan and China. The first stage will be finished in 2014 and involves utilities, an industrial estate, a port, power plants, roads and logistics.
