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Myanmar-India project to complete by next year

Publish Date: 26 Dec 2013, 12:50 PM
Last Updated: 26 Dec 2013, 12:50 PM
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Yangon: The Kaladan multi-purpose transportation project, jointly implemented by Myanmar and India, is expected to be completed by mid 2014, media reports said on Thursday.

Representational picture
Representational picture

According to the contractor Essar Company, the first of the three-phase project has been completed by 70 percent, reported a news agency. The first phase includes construction of Sittway Deep Seaport and Paletwa Jetty, dredging the Kaladan waterway and construction of six vessels.

The second phase covers construction of a 109 km-long road to link Paletwa with border region and the third phase comprises construction of a highway between India's Mizoram state and Myanmar's Chin state. The completion of waterway and highway crossing Myanmar's Rakhine and Chin states would help support better transport and trade between the regional countries, the report said.

Upon total completion of the project expected to be operational by 2015, India is to hand over to Myanmar which is to carry out the maintenance work, the report added.

Myanmar and India signed the USD 214 million contract Kaladan multi-purpose transportation project in 2008.According to official statistics, India's investment in Myanmar amounted to USD 283 million as of July 2013 in nine projects.

(Agencies)

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  • Vissionary26 Dec 2013, 00:00 AM

    Excellent - Urgent need of the hour is to connect TRIPURA with Myanmar by Road, Rail, Water and Air to enhance business ties with Southeast Asia. Hope much needed ECONOMIC VIBRANCY (like Bangalore, Mumbai, Gurgaon, Pune, Chennai, Hyderabad) is created in AGARTALA (to emerge as new CYBER CITY of India!) with best of the policies and setting up of World Class Infrastructures. Really hope leadership in CENTER, TRIPURA Govt and Other Concerned DIGNITARIES takes a FUTURISTIC and PROGRESSIVE approach and goes BIG to put TRIPURA in the GLOBAL IT RADAR and transform into next IT and Technology powerhouse of INDIA !! Not a single High Tech corporate, Big IT MNCs, Renowned HOSPITAL Chains, BEST of Higher Educational Institutes, World Class (5 Star) Hotels and Luxury Shopping Malls have presence in TRIPURA - Being the 2nd highest POPULUS state in NE and literacy rate crossing 90% (no of unemployment stands 6 lakhs!), need of the hour is to set up IT zones, Industrial corridors (in the line of DELHI-MUMBAI, MUMBAI - BANGALORE corridors) with invitation to Big IT MNCs (IBM,Accenture,TCS, Infosys, Wipro,HCL,Cognizant), World Class Hospital Chains (FORTIS, APPOLO,MANIPAL), World Class Hotel Chains (Taj, Leela, Oberoi, ITC), world class Retail outlet chains (Walmart, IKEA, Pantaloons,Shoppers Stop, Croma, Reliance Retail etc) to set up their presence at AGARTALA!