Friday, August 23, 2013

Thai group signs deal to research Kalargote port project

Emerald Grand Group of Thailand and Myanmar Port Authority signed an agreement to carry out research for the Kalargote deep sea port project on August 9.
After completing the research, Emerald Grand Group of Thailand plans on building Kalargote deep sea port project. As for Myanmar Port Authority, they are deciding whether the project will be conducted as a build, operate and transfer (BOT) system or a joint venture.

The deep sea port will be able to accommodate 30 vessels of about 50,000 tons simultaneously according to chief civil engineer of Myanmar Port Authority, Mya Than.

"The deep sea port can carry about 50,000 tons from 30 sea ferries at the same time. But we have to make survey on engineering side as well as in economic side," said Mya Than.

The Thailand based Emerald Grand Hotel Group is preparing to build an industrial zone apart from the Kalargote deep sea port project. The industrial zone project will be jointly implemented with the Mon State Government and the Ministry of National Planning and Economic Development Department.