HOUSE OF THE WEEKmore
(Volume 26, No. 509)
China agrees to upgrade and maintain cross-border road
CHINA will soon upgrade a road linking Bhamo in Kachin State and Luigye in China’s Yunnan Province, The Yangon Times reported on February 4.
Chinese authorities agreed to both upgrade and maintain the 34-kilometre (56-mile) stretch of road at a China-Myanmar Trade Promotion meeting held in Luigye on January 22, the report said.
At the meeting, the Lonchung Commerce and Logistics Department made the proposal “to facilitate the trade flow”, an official from the Department of Border Trade said.
The road is presently made of stones and is unsuitable for heavy vehicles. The Chinese proposal would see it upgraded to an “international standard”, the report said.
A border crossing was opened at Luigye in 1998. Most goods crossing the border come from Mandalay, and are sent to Bhamo by boat before crossing the border by truck.
“We believe the flow of trade will improve after the completion of road project,” the official said.
State-owned ports to be privatised as soon as possible
STATE-OWNED ports currently operated by the Myanmar Port Authority will be privatised “as soon as possible for the facilitation of international trade”, The Voice reported on February 1.
Local companies interested in operating the ports, which include Bohtataung, Sule and Bo Aung Kyaw, can submit an application to the Privatisation Commission, an official from the Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI) said.
Two private companies presently operate ports in Myanmar: Asia World, one of Myanmar’s largest business conglomerates and a company that frequently undertakes government construction projects, and Hong Kong-based Myanmar International Terminal Thilawa (MITT).
MITT operates the Thilawa port – the country’s largest terminal – in Thanlyin township, while Asia World has operated a port in Ahlone township since 2000, the report said.