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22 February 2019 The on-line newspaper devoted to the world of transports 04:53 GMT+1



November 9, 2018

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Chinese CITIC has signed an agreement in order to start the construction of the Burmese port of Kyauk Phyu

An investment of 1,3 billion dollars will be necessary

The government of Myanmar has undersigned a preliminary agreement with Chinese group CITIC centralized on the construction of a port and an industrial center to Kyauk Phyu, resort situated in the State of Rakhine, on the western coast of the Country. The project is under consideration from years and the understanding which signed yesterday previews the realization of single the first phase with a previewed investment of 1,3 billion dollars regarding beyond seven billions estimated necessary for the performance of the entire project.



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