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Conditions Nearly Set for Dawei SEZ Initial Phase to Begin: Govt Committee

Published July 23, 2019

YANGON— The Myanmar government is currently negotiating the conditions precedent (CPs) with the concessionaires for the initial phase of construction work on the Dawei Special Economic Zone (SEZ), a US$8-billion (about 12.16 trillion kyats) project that includes a deep seaport. The strategic project in southern Myanmar’s Tanintharyi Region is set to be Southeast Asia’s largest industrial complex.

According to the concession agreement, both sides need to fulfill all the CPs, or obligations. After they have negotiated the CPs, the government will issue a “notice to proceed”, after which the concessionaires must begin the initial phase of construction.

The Dawei SEZ Management Committee (Dawei SEZ MC) in Naypyitaw told The Irrawaddy, “The last CPs … concern land-lease agreements. We are finalizing them and will send them very soon.”

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Created at 2019-08-15 22:51:53