Myanmar scraps Thai investment in Dawei mega port

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The controversial project has been hit by numerous setbacks since it was first touted. FMTNews

The long-delayed project around Dawei aims to develop an industrial area of around 200sq km.

The Dawei mega project was touted as a way to encourage foreign investment in Myanmar as it emerged from decades of military rule, but it has been hit by numerous setbacks, including funding struggles and local opposition. The committee in charge of the Dawei Special Economic Zone said Monday it had “lost confidence” in Italian-Thai Development after repeated issues.

 

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