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Published on Tuesday, 20 November 2012 21:26
President Thein Sein met with Prime Minister of Thailand Yingluck Shinawatra
at Peace Palace Hotel (Photo – EMG)
Myanmar and Thailand committed to finish the multibillion Dawei special economic zone by 2015.
Myanmar President Thein Sein and Thai Prime Minister Yingluck Shinawatra reached the agreement during bilateral talks on the sidelines of the 21st Asean Summit at the Peace Palace in Phnon Penh, Cambodia.
“Both leaders agreed on the completion of the Dawei deep-sea port project. The Thai prime minister and businessmen are scheduled to make a study visit to the port in mid-December. The Myanmar president has invited them,” Sihasak Phuangketkeow, permanent secretary of the Thai Foreign Affairs Ministry, told the Eleven Media Group.
The US$50 billion complex includes a road linking Dawei to the Thai border.
The joint committees for the deep-sea port construction held their first meeting in Thailand in November 7, initially agreeing to complete the construction by 2015.
In a statement issued after the meeting of the two leaders, both countries agreed to complete by 2015 the construction of bilateral trade roads, deep-sea port, industrial zones, power stations, drinking water supply and sewage systems, telecommunication systems, express trains and other regional development measures.
Myanmar will be responsible for defence, security and administrative affairs while Thailand will render technical assistance and cooperate in construction tasks, the statement said. Thailand will also be in charge of monetary movements and in helping launch businesses in the Dawei region.
The panels for construction of Dawei deep-sea port include a Joint High-level Committee (JHC) co-chaired by Myanmar Vice President Nyan Tun and Thai Deputy Prime Minister Kittirat Na Ranong; and the Joint Coordinating Committee (JCC) co-chaired by Myanmar Industry Minister Aye Myint and Thai PM Office Minister Niwattumrong Boonsongpaisan.
The joint committees in their first meetings discussed plans for financial supply and duty assignments for sub-committees.
Myanmar is scheduled to hold the second meeting of JHC in March 2013, and the JCC’s second meeting in December this year. The two leaders also said investors keen to invest in the Dawei project had been invited and asked to contact the JHC.