Economics
Myanmar Buoyed by $8.6 Billion Port as Sanctions Abate: Freight
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Myanmar is developing an $8.6 billion port and industrial complex in the nation’s south intended to feed Asian demand as the U.S. and Europe lay out a path to ease sanctions in place for more than 20 years.
Italian-Thai Development Co., the largest construction company in Thailand, completed an access road last year from the Thai border to Dawei, about 250 kilometers (155 miles) west of Bangkok. The company plans to complete financing this year for the harbor, which with the industrial zone will cover an area 16 times bigger than Thailand’s largest manufacturing park.