Express, Mail, Logistics, Rail Gtr. China

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  2013-05-21 01:45:00
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Strife hangs over China billions in Myanmar

2013-05-21 01:45:00

YANGON, May 21 (GCTL) - China is spending billions to develop Kyaukpyu as its international gateway in Myanmar, but the development threatens to be derailed by communal violence.

"Kyaukpyu is the new gateway to China and Asean. Kyaukpyu is the ocean exit for China. Kyaukpyu offers the shortest trade route from India to China," said Kyaw Oo, deputy chief engineer of the Myanmar Port Authority.

The port city in Rakhine state, on the northwest coast of Myanmar, saves ships 5,000 kilometres of sailing through the Straits of Malacca to China, as cargo can go overland from Kyaukpyu to southern China, Kyaw Oo said at the Myanmar Urban Development Conference in Yangon.

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Category : Business & Financial News   Asia Pacific News   Express, Mail, Logistics, Rail Gtr. China  

Tags : Myanmar Port Authority, Kyaukpyu,

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