Sep 18, 2014

Twelve Firms to Vie to Become Developers for Kyaukphyu SEZ

A total of 12 local and foreign companies will compete for three spots as developers for the Kyaukpyu Special Economic Zone (SEZ) in Myanmar’s western Rakhine State, an official of the project tender valuation panel said.

U Ba Shwe, a member of the Committee of Bid Invitation and Selection for the Kyaukpyu SEZ Project, said the 12 companies were short-listed from 61 firms which officially submitted expression of interest (EOI) in August for the development of the SEZ.

The initial phase of the Kyaukpyu SEZ development project, covering an area of 1,620 hectares, will have three components, a deep-sea port, an industrial park and an integrated residential area, he said.

The tender process will last from September 15 to November 10, he said.

If the winning companies are international ones, they are set to form joint ventures with local companies for the undertakings, he added.

According to the committee, the Kyaukpyu SEZ project will be implemented in three phases with the first from 2014 to 2016, while the second from 2017 to 2020 and the third from 2021 to 2025.

The SEZ administration chose earlier a Singapore-based consortium, led by CPG Consultancy Ltd, to draw up a master project plan for the Kyaukpyu SEZ.

The CPG serves as the key advisor for choosing and inviting international developers to the Kyaukpyu SEZ under an agreement signed with the Committee of Bid Invitation and Selection for the Kyaukpyu SEZ Project.

Source: Myanmar Business Times