IN HIS column in the June 16 edition of Frontier, Sithu Aung Myint wrote that the Chinese Ambassador, Mr Hong Liang, with a delegation from China’s State Power Investment Cooperation, recently visited Kachin State to lobby for the resumption of work on the stalled Myitsone Dam.
The delegation apparently let the Kachin State government understand that Myanmar has three options regarding the project: 1) Cancel the project and be liable to pay US$800 million in compensation; 2) Resume work and earn $500 million a year in revenue when the dam is completed or; 3) Do nothing and pay $50 million in interest for as long as the project is suspended.
None of these options are attractive for either Myanmar or China. (Courtesy of frontiermyanmar.net)
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