The Kyaukphyu project will serve China’s better connectivity with the Indian Ocean, even more than the Gwadar port in Pakistan. The Kyaukphyu SEZ project was awarded to a six-member international consortium headed by one of China’s biggest conglomerates, Citic Group. Four other Chinese industrial and investment groups and one of Thailand’s biggest conglomerates, Charoen Phokphand, constitute the other members of the consortium.
“The project is adjacent to the landing point of the dual pipeline that transports gas and crude oil to China,” Joshy Paul added. This pipeline runs into the Bay of Bengal, just below Bangladesh, in Rakhine province.
In May 2011, a memorandum of understanding (MoU) was signed between Myanmar’s railways ministry and China’s state-owned Railway Engineering Corporation that allows the building of a rail line linking Kyaukphyu with Kunming, capital of the Yunnan Province of China. The scheme fits well with China’s revamp of the Silk Road, called the Silk Road Economic Belt and the 21st-century Maritime Silk Road. (Courtesy of pressenza.com)
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