Thursday, June 29, 2017
The Myanmar Times
The Myanmar Times

Singapore firm wins Kyaukpyu consultancy

Singapore-based consortium Creative Professional Groups (CPG) has been selected to consult on the awaited Kyaukpyu Special Economic Zone (SEZ) in Rakhine State, an official said.

The contract, worth US$2.4 million, gives CPG the right to advise the supersizing SEZ Bid Evaluation and Awarding Committee (BEAC) on selecting developers for the $277 million project as well as dealing with land issues, said the committee’s vice president, U Maung Maung Thein.

“Kyaukpyu is different from other SEZs like Thilawa and Dawei. It will be run on a business-to-business basis, rather than a government-to-government basis,” he said.

Nina Yang, executive director of CPG, said that one of the biggest challenges facing the project will be resolving ongoing land disputes with local residents in the area.

“As a consultancy firm, we are concerned about whether people [affected residents] will cooperate with us,” she said.

With such concerns threatening to scare off potential investors, officials tied to the project have pledged to protect shareholders from any risk connected with the inter-communal violence that has scarred Rakhine State.

CPG was selected from among about 31 companies from China, Hong Kong, Korea, Japan, Singapore, Thailand, India, Spain, Germany and the United States.

The SEZ committee’s vice president, U Myint Thein, who is also deputy minister at the Ministry of Rail Transportation, said that electricity for the project would initially be provided by a nearby power station slated for completion in 2015 with two additional plants expected for later on.

At 1000 acres (400 hectares), the construction site of the SEZ includes 40 acres (16 ha) of agricultural and residential land, though U Myint Thein said they would contract another 80 acres (32 ha) in case it was necessary to relocate farmers and villagers currently residing in disputed areas.