“The country in its current situation lacks the technical knowhow and foreign investment to support ongoing development projects like deepsea ports, ports and terminals,” Kyaw Oo, deputy chief engineer at Myanmar Port Authority, was quoted saying at the Myanmar Infrastructure Summit last week.
He pointed out that about 85% of the country's trade is in the maritime sector and Yangon port is the main source of trade, local media Eleven Myanmar reported.
Despite having 24 terminals in Yangon and Thilawa ports, they are congested with loading and unloading such that only 70% of the port facilities are in operation.
Among the 24 terminals, Yangon port has 18 international terminals and Thilawa has six. At present, Myanmar has a total of nine international and local ports and terminals, including Yangon, Sittwe, Kyaukpyu, Thandwe, Pathein, Mawlamyain, Dawei, Myeik and Kawthoung.
“Yangon port needs to be upgraded, especially Sule Terminal, when compared with Thilawa,” a retired official for the Myanmar Port Authority was quoted saying.
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