Nov 8, 2012

KMA Shipping to build wharf in Yangon

The KMA Shipping Company Ltd will build container wharf for the Thein Phyu Shipyards in Botahtaung Township in Yangon.

The Myanmar Investment Commission (MIC) gave KMT permission to construct the wharf under build-operate-transfer (BOT) system on October 18, according to industry sources.

The wharf will be built on 22.62 acres of area.

The KMA will invest 58,539 million kyats (US$ 68.87 million) in the project.

Earlier this year, the MIC gave permission to Royal Hi-Tech Group Company to construct wharf and jetty at Simiekone in Myin Chan district, Mandalay region, and Myanmar Annawar Swanarshin Groups Company Ltd to provide services at Ahlone Shipyards in Yangon region.

Source: 11 Media Group