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22 May 2019 The on-line newspaper devoted to the world of transports 19:42 GMT+2



May 6, 2019

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Original news
The Indian group Adani will realize a new container terminal in the port of Yangon

Previewed an investment of 290 million dollars

In recent days Myanmar Investment Commission (MIC) has approved of one project of the Indian group Adani in order to construct to a container terminal in the fluvial port of Yangon with an investment of 290,1 million dollars, the project, that it constitutes the second phase of the Ahlone International Port Terminal (AIPT), previews the creation of job 1.176 places. The concession contract that will come undersigned with the Adani Yangon International Terminal Co., society with center to Singapore that integrally is controlled by the Indian group, will have a duration 50-year-old.

The new terminal Ahlone International Port Terminal 2 (AIPT2) will place side by side to the terminal for conventional containers and goods Ahlone International Port Terminal 1 (AIPT1) that it is managed by Myanmar Economic Corporation (MEC) and that has a dock of 600 linear meters in a position to enlivening 288 thousand per year container teu.

The construction of the AIPT2 will be started the next september and the first phase of the project will be realized in 12 months, to conclusion of which the terminal will have an ability to traffic of 100-150mila teu. The construction of a second phase is previewed that would be realized in six months and would elevate the ability to the annual terminal to 800 thousand teu.

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