- KIA opens first-ever showroom in Yangon
- Myanmar Oil & Gas Summit to be held in June
- Panasonic eyeing to open a branch in Yangon
- Thailand’s PTT plans to open filling stations in Myanmar
- Border trade resumes in Rakhine State after "Mahasen"
- True Corp eyes presence in Myanmar
- Eagles Air and Sea to pursue opportunity for JV in Myanmar
- Thriving Myanmar-Thai border trade faces warehouse shortage
- Thilawa Economic Zone’s 70,000 acres to be farmed
- Myanmar’s Oversea Employment Agencies Federation opens office in Thailand
New project in the making at Yangon Port
Published on Wednesday, 08 August 2012 14:25
Photo shows an area of the former Ahlone shipyard
The Myanmar Industrial Port (MIP) project has been under construction at the Yangon Port.
The project, now under way at the Ahlone shipyard, is a joint venture between the Ministry of Transport (MT) and Myanmar Annawa Swan Arshin Group (S), said Director General U Cho Than Maung of the MT’s Myanmar Port Authority.
The project will be funded by investments of US$ 45 million and Ks 56,000 million. The construction work will be completed within three years.
Of the MIP’s 5 berths, No. 1 and 2 will offer port services including cargo and recreational facilities around the marina area. An eight-story Marina Resort will also be built. Berths No. 3, 4 and 5 will be upgraded to become new container terminals capable of handling 32,000 containers and 1,000 refrigerated containers.
Its 750-meter-long docking area is sufficient for five 35,000-tonne cargo ships. The harbour will be served by 6 to 8 pairs of heavy-duty cranes, 6 X-ray cargo scanners, 8 security gates, and one bonded warehouse. New scanners will be delivered from Germany for the project.
Myanmar Annawa Swan Arshin Group (S), which rents a 17.36-acre property of state-owned Myanmar Ceramic Enterprise, runs the project under a build-operate-transfer (BOT) system.
The Yangon Port has 18 berths and three container yards for international freight liners covering the areas from Hteedan to Thanhlyetsun wharves. Thilawa deep sea port, located 25 km south of Yangon, has 6 berths.