Thai Construction Firm Looks for Projects

Thai construction giant Ch Karnchang may soon enter into infrastructure developments in Myanmar, a senior executive told the Bangkok Post newspaper.

A report published by the English-language daily in April said that the firm was conducting a feasibility study on possible investments in Myanmar, citing Vorapote Uchupaiboonvong, executive vice-president for accounting and finance.

“There are many opportunities in Myanmar, and we’re ready to take the initiative, but the study must be completed before we enter the country,” Mr. Vorapote said.

Ch Karnchang is the developer of the controversial Xayaburi hydropower dam on the Mekong River in Laos. According to the Bangkok Post, the director said the company was likely to focus its investment in Myanmar on the Yangon area.

A subsidiary of Ch Karnchang, TTW Public Company, is conducting a study on a tap water project in the Mon State capital, Mawlamyine, the report said. —Simon

Lewis