Dawei Deal ‘Set for March’

Italian-Thai Development

Pcl. and Rojana Industrial Park will sign a US$1.7 billion deal this month to develop the Dawei industrial zone, the Thai government said in February.

“At the initial stage it will be an investment of around $1.7 billion,” Deputy Transport Minister Arkhom Termittayapaisit told reporters in Bangkok. Italian-Thai and Rojana will develop the first phase of the project, he said.

The project will begin with construction of an 86-mile (138-km) road from Dawei to Kanchanaburi Province.

Thailand will provide soft loans to Myanmar, to meet a budget of around US$119.23 million for the road construction. The Dawei project has been stalled for years.

Reuters