In a January 9 statement, the Dawei SEZ Management Committee said changes have been made to the contractual arrangements with Italian-Thai Development Company Ltd (ITD) for the development of initial industrial estate in Tanintharyi Region.
According to contract amendment, ITD and other investors must compensate and resettle villagers affected by industrial zone project. It must also adhere to international standards on the environment.
The Thai government has agreed to provide a loan for the construction of a two-lane highway which will connect Dawei SEZ to the Myanmar-Thailand border, paving the way for further construction to take place.
Further details are being discussed to amend the land lease contract as well as development of a liquefied natural gas and power plant project, the statement said. – Translated
Htin Lynn Aung