Workers walk to the Dawei development in Myanmar. PATTANAPONG HIRUNARDThai officials and their Myanmar counterparts remain committed to the long-awaited Dawei megaproject, with the Myanmar-Thailand Joint High-Level Committee (JHC) and the Joint Coordinating Committee (JCC) to be set up soon to foster development. The Thai government last year agreed to offer a 4.5-billion-baht loan to Myanmar to finance the road construction. Under the agreement, Japan would hold equal shares in the Dawei SEZ Development Co with Thailand and Myanmar. The full phase of Dawei development is estimated to cost 400 billion baht.

Source: Bangkok Post September 07, 2016 20:48 UTC