Thailand says will kick-start stalled Dawei talks
Thailand says will kick-start stalled Dawei talks
The New Light of Myanmar, 03 Oct 2014
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Bangkok, 2 Oct — Thailand will revive talks with Japan and Myanmar aimed at kick-starting the floundering multi-billion dollar Dawei Special Economic Zone in Myanmar, a junta spokesman said on Thursday.
The project is arguably Southeast Asia’s most ambitious industrial zone — a 250-sq-km (100-sq-mile)deep-sea port, petrochemical and heavy industry hub located along the slim Thai-Myanmar peninsula.
Thailand’s ruling junta pledged to step up involvement in the project, which has seen years of delays, following talks in Bangkok on Thursday between Thai Prime Minister Prayuth Chan ocha and Minoru Kiuchi, Japan’s vice foreign minister.
“The prime minister said we will push to develop the Dawei zone with Myanmar and Thailand and all sides are prepared to move forwards with trilateral talks so that the Dawei project can materialize as quickly as possible,” Yongyuth Mayalarp, a junta spokesman, told Reuters.
The project has seen years of delays that were largely blamed on Italian Thai Development Plc., the project’s leader, which had failed to secure private investment and agree on a power source for the complex.
Thailand and Myanmar seized control of the strategically located complex, billed as a gateway for trade in Southeast Asia, from the ITP, Thailand’s largest construction firm, in November 2013.
Japan has expressed increasing interest in Dawei-the project could be a significant boost to swelling Japanese industrial interest in the region-though talks with Tokyo have stalled.
The project is arguably Southeast Asia’s most ambitious industrial zone — a 250-sq-km (100-sq-mile)deep-sea port, petrochemical and heavy industry hub located along the slim Thai-Myanmar peninsula.
Thailand’s ruling junta pledged to step up involvement in the project, which has seen years of delays, following talks in Bangkok on Thursday between Thai Prime Minister Prayuth Chan ocha and Minoru Kiuchi, Japan’s vice foreign minister.
“The prime minister said we will push to develop the Dawei zone with Myanmar and Thailand and all sides are prepared to move forwards with trilateral talks so that the Dawei project can materialize as quickly as possible,” Yongyuth Mayalarp, a junta spokesman, told Reuters.
The project has seen years of delays that were largely blamed on Italian Thai Development Plc., the project’s leader, which had failed to secure private investment and agree on a power source for the complex.
Thailand and Myanmar seized control of the strategically located complex, billed as a gateway for trade in Southeast Asia, from the ITP, Thailand’s largest construction firm, in November 2013.
Japan has expressed increasing interest in Dawei-the project could be a significant boost to swelling Japanese industrial interest in the region-though talks with Tokyo have stalled.