Myanmar-Thailand Joint High-Level Committee

Dawei development gains Japan nod

Date of Release: 
Dec 15 2015

Myanmar's long-awaited multibillion-dollar Dawei megaproject has inched forward, with Japan yesterday signing a shareholder's agreement in a special purpose vehicle that runs the project.

Japan, through the Japan Bank for International Cooperation, signed the deal with Thailand's Neighbouring Countries Economic Development Cooperation Agency and Myanmar's National Planning and Economic Development Ministry, under which the JBIC would hold equal shares in the Dawei SEZ Development Co.

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