Aug 10, 2012

Myanmar to upgrade port terminals in Yangon Port

Myanmar authorities will launch port terminals upgrading project at Yangon Port in line with international standard within three years (2013-2015), local media reported Wednesday.

To enable providing services of international standard, the three-year project will be undertaken by Myanmar Port Authorities in collaboration with private entrepreneurs under joint venture basis or build-operate-transfer (BOT) system, said the Flower News.

The projects include reconstruction of port terminal to international standard, construction of modern economic infrastructural building, upgrading of ports to be able to handle cargo ships and installation of equipment of handling goods.

Private entrepreneurs are invited to tender the project from Aug. 13 to 17.

There are some five major port terminals at the Yangon Port, namely Bo Aung Kyaw, Botataung, Pansodan, Nanthida and Sule.

Of them, the international cargo ships berth at the Yangon port, Sule, Bo Aung Kyaw, Asia World and Myanmar Industrial.

The Yangon port handled 1.727 million tons of containers and 1. 792 million tons of general cargo in the first four months (April- July) of the fiscal year 2011-12, up 287,000 tons and 464,000 tons respectively and correspondingly.

Source: Xinhua