Caixin
Nov 08, 2018 03:19 AM
BUSINESS & TECH

China, Myanmar Move Ahead With Sea Port Project

China and Myanmar agreed to establish a 1,700 kilometer economic corridor in September. Photo: VCG
China and Myanmar agreed to establish a 1,700 kilometer economic corridor in September. Photo: VCG

China and Myanmar are moving ahead with a China-backed deep-sea port project in Kyaukpyu, 250 miles northwest of Yangon, following nearly three years of twists and turns.

Myanmar officials and Chinese investors are scheduled to sign a framework agreement for the Kyaukpyu port project Thursday in the capital city, Nay Pyi Taw, a spokesman at Myanmar’s Ministry of Commerce told Caixin.

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