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Myanmar keen to attract port investment

Myanmar keen to attract port investment

Yangon: The state-run Myanmar Port Authority (MPA) plans to privatise ports in Yagon as well as offer build-operate-transfer agreements to companies, according to local media.
Hutchison Port Holdings has run a terminal in Myanmar for a number of years. Beyond that though, the terminal situation in Myanmar is woefully underinvested.
Under new government guidelines this year much state owned infrastructure and industries is set for privatisation. ?A Reuters report, for instance, said that the Transport Ministry is also planning to transfer the country's only state-owned shipping line, Myanmar Five Star, to Myanmar Economic Holdings, a business enterprise under the control of the Defense Ministry.?Since the beginning of this year, the government has privatized 246 state-owned gas stations and 110 factories. A number of hydro-power and mining projects have also been sold to private enterprises in recent months. [01/03/10]


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