Kyaukphyu SEZ Master Plan to Go Public in June Skip to main content

Kyaukphyu SEZ Master Plan to Go Public in June

Soe Zeya Tun/Reuters
The Management Committee for Kyaukphyu Special Economic Zone (SEZ) will present the SEZ’s master plan to the public next month, a committee member told Myanmar Business Today.

Currently, Singapore-based consortium Creative Professional Groups (CPG), which won a $2.5-million bid in March to provide consultancy services for the SEZ in Myanmar’s western state of Rakhine, is carrying out field survey at the project site and drafting a long-term master plan.

“We asked them to draft a long-term master plan until 2050 which will consider the development of the whole state. We will present the master plan to the public in Yangon and Kyaukphyu in June,” said U Kyaw Hlaing, a member of the Kyaukphyu SEZ Management Committee.

Once the draft for the SEZ is confirmed, the committee will invite tender for the implementation and construction of the economic zone. The committee expects work on the SEZ to start in early 2015, U Kyaw Hlaing said.

The government estimates that the total expenditure to build Kyaukphyu SEZ, which is located near Sittaw and Simaw villages in the northeastern part of Kyaukphyu township, is about $277 million.

The SEZ is being developed in four stages – the first one, a conceptual plan, has been finalised with input from economists, businesspeople and Kyaukphyu locals; selecting a consultant was the second stage while the third one involves inviting tenders for a developer, who will build the SEZ in the fourth stage.

A total of 520 hectares (about 1,300 acres) of land will be used for the project, where 20 hectares will be used for a deep seaport, 100 hectares for housing projects and 400 hectares for the economic zone itself.
Garment factories will comprise 30 percent of the economic zone, while fishery productions and small enterprises will comprise 50 and 20 percent respectively.

According to the newly enacted SEZ Law, companies have to provide at least 25 percent of the job opportunities to locals at the beginning, while the Foreign Investment Law stipulates that the number of locals employed at a company has to go up by 25 percent every two years until locals comprise at least 75 percent of the workforce.

Htun Htun Minn
 
http://www.mmbiztoday.com/articles/kyaukphyu-sez-master-plan-go-public-june

Comments

Popular posts from this blog

Chronology of the Press in Burma

1836 – 1846 * During this period the first English-language newspaper was launched under British-ruled Tenasserim, southern  Burma . The first ethnic Karen-language and Burmese-language newspapers also appear in this period.     March 3, 1836 —The first English-language newspaper,  The Maulmain Chronicle , appears in the city of Moulmein in British-ruled Tenasserim. The paper, first published by a British official named E.A. Blundell, continued up until the 1950s. September 1842 —Tavoy’s  Hsa-tu-gaw  (the  Morning Star ), a monthly publication in the Karen-language of  Sgaw ,  is established by the Baptist mission. It is the first ethnic language newspaper. Circulation reached about three hundred until its publication ceased in 1849. January 1843 —The Baptist mission publishes a monthly newspaper, the Christian  Dhamma  Thadinsa  (the  Religious Herald ), in Moulmein. Supposedly the first Burmese-language newspaper, it continued up until the first year of the second Angl

Thai penis whitening trend raises eyebrows

Image copyright LELUXHOSPITAL Image caption Authorities warn the procedure could be quite painful A supposed trend of penis whitening has captivated Thailand in recent days and left it asking if the country's beauty industry is taking things too far. Skin whitening is nothing new in many Asian countries, where darker skin is often associated with outdoor labour, therefore, being poorer. But even so, when a clip of a clinic's latest intriguing procedure was posted online, it quickly went viral. Thailand's health ministry has since issued a warning over the procedure. The BBC Thai service spoke to one patient who had undergone the treatment, who told them: "I wanted to feel more confident in my swimming briefs". The 30-year-old said his first session of several was two months ago, and he had since seen a definite change in the shade. 'What for?' The original Facebook post from the clinic offering the treatment, which uses lasers to break do

Is 160 enough? One Indian man's family

By Sumnima Udas , CNN October 31, 2011 -- Updated 0857 GMT (1657 HKT) Ziona, center, with his has 39 wives, 86 children and 35 grandchildren in rural Baktwang village, India. STORY HIGHLIGHTS One man in India is the patriarch of a family of 160 in rural India Ziona, who only goes by his first name, has 39 wives, 86 children and 35 grandchildren. Ziona's father, Chana, founded the Christian sect in Baktwang that promotes polygamy "I never wanted to get married but that's the path God has chosen for me" Mizoram, India (CNN) -- The world's population hits 7 billion this week, but Ziona, the patriarch of what may be the biggest family in the world, is not bothered. "I don't care about overpopulation in India ... I believe God has chosen us to be like this (have big families). Those who are born into this family don't want to leave this tradition so we just keep growing and growing," he says with a smile. Ziona, who only goes by his f