Burma plans deep-sea port
Burma's military government has announced plans to construct a deep-sea port on Maday Island in Kyaukphyu, news reports said.
Kyaukphyu is in the Burmese western coastal state of Rakhine.
According to local sources, the military junta has aims for the new port to advance maritime trade with neighbouring countries.
Privately-held Asia World, which recently carried out feasibility studies at the proposed site, will be undertaking the construction project, said reports.
Analysts say that the proposed port can serve as a transit hub for shipments to and fro the neighbouring Indian port cities of Chittagong and Calcutta and Burma's Rangoon.
Kyaukphyu also has the advantage of being along a proposed land route connecting China's Kunming in southwestern Yunnan province with Burma's Sittwe through Mandalay.
Analysts say that Burma stands to benefit economically especially with regards to transit trade such as export shipments to China when the 1,943 kilometre (km) Kunming-Kyaukphyu-Sittwe road is operational.
Kyaukphyu stands on the brink of possible economic boom especially in the light of recent reports that it has large untapped reserves of oil and gas resources.
Analysts say that it remains to be seen whether such potential will be efficiently harnessed by Burma.
Kyaukphyu is in the Burmese western coastal state of Rakhine.
According to local sources, the military junta has aims for the new port to advance maritime trade with neighbouring countries.
Privately-held Asia World, which recently carried out feasibility studies at the proposed site, will be undertaking the construction project, said reports.
Analysts say that the proposed port can serve as a transit hub for shipments to and fro the neighbouring Indian port cities of Chittagong and Calcutta and Burma's Rangoon.
Kyaukphyu also has the advantage of being along a proposed land route connecting China's Kunming in southwestern Yunnan province with Burma's Sittwe through Mandalay.
Analysts say that Burma stands to benefit economically especially with regards to transit trade such as export shipments to China when the 1,943 kilometre (km) Kunming-Kyaukphyu-Sittwe road is operational.
Kyaukphyu stands on the brink of possible economic boom especially in the light of recent reports that it has large untapped reserves of oil and gas resources.
Analysts say that it remains to be seen whether such potential will be efficiently harnessed by Burma.