China's $7.5 Billion Myanmar Port ‘Crazy,’ Suu Kyi Adviser Says
- Key economic adviser says port proposal ‘way over capitalized’
- China and Myanmar currently negotiating over port’s financing
Photographer: Dario Pignatelli/Bloomberg
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The $7.5 billion price tag for a Chinese-built deep-sea port in the Myanmar town of Kyaukpyu was “crazy” and “absurd,” according to a key adviser to Myanmar’s leader Aung San Suu Kyi.
China’s CITIC Group, which won a tender to build the port three years ago, has valued the port and an accompanying special economic zone at around $10 billion.