Invest in Myanmar - For Investors Seeking Opportunities in Myanmar
Follow:
Invest Myanmar - The Myanmar Investment Gateway
NEWS BY TOPIC
General Information about Myanmar (1)
Business (131)
FDI in Myanmar (45)
Investments (59)
Macroeconomic Data (4)
Infrastructure (4)
Financial (17)
Economy (37)
Construction (1)
Politics (29)
Real Estate (1)
Investment Legislation (3)
Sports (1)
NEWS BY SECTOR
Telecommunications (27)
Law (14)
Infrastructure (20)
Education (2)
Banking (19)
Jewellery (1)
Stock Market (2)
Agriculture (35)
Real Estate (22)
Mining and Exploration (10)
Construction (29)
Energy (47)
Textile and Fashion (10)
Tourism (23)
Information Technology (11)
Food and Beverage (13)
Electronics (3)
Waste Management (1)
Automotive (9)
Logistics (4)
Renewable Energy (0)

Chinese company hands over 19 dredgers, supporting vessels to Myanmar

CHINESE COMPANY HANDS OVER 19 DREDGERS, SUPPORTING VESSELS TO MYANMAR
Date: 18/09/2013
Source: Want China Times
Chinese company hands over 19 dredgers, supporting vessels to Myanmar

CATIC Beijing handed over a total of 19 dredgers and supporting vessels to Myanmar at the commissioning ceremony held at the Nanthida Jetty of Yangon on Saturday.

The dredgers and supporting vessels imported from China with assistance of a preferential loan provided by the Chinese government arrived in Myanmar in August.

The ceremony was attended by U Nyan Htun Aung, the country's minister of Transport and Yang Houlan, Chinese ambassador to Myanmar.

U Nyan Htun Aung said "because of these new dredgers and supporting vessels from China, our dredging capacity will be increased to reduce the sedimentation problem more effectively for better navigation channels and prevention of floods."

In line with the government's political and economic reform strategies, the Ministry of Transport and the DWIR are also planning to reform the water sector in order to effectively and efficiently manage Myanmar's water resources, he added.

He said, "I also believe that these new dredgers and supporting vessels will contribute towards our endeavors for our country's economic development by enabling the successful realization of sustainable integrated water resources management and development."

Chinese ambassador to Myanmar Yang Houlan disclosed at the ceremony that the Chinese government attached great importance to Sino-Myanmar cooperation in the transport sector, supporting the strength of the Chinese enterprises to actively participate in Myanmar port development, dredging and road and bridge construction.

Yang went on saying that the Chinese government is willing to provide aid, including technical assistance, to promote Myanmar's rapid economic and social development.

About two-thirds of the southeast Asian country is dependent on rivers and their tributaries. The main rivers in Myanmar like Ayeyarwady, Chindwin, Sittaung and Thanlwin are important for transportation, agriculture, hydro-power as well as water supply for urban and rural areas of Myanmar.


Topic: Business
Did You Know?
Myanmar is very rich in natural resources like petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, some marble, limestone, precious stones, natural gas and hydropower. ... More

Featured news story
Myanmar-China gas pipeline starts to deliver gas to China (Xinhua)
Myanmar-China gas pipeline starts to deliver gas to China (Xinhua)

Featured Video
Myanmar Tourism Commercial - iD - Invest Myanmar.biz video
Myanmar Tourism Commercial - iD

COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
Today on Invest Myanmar
Member Companies: 82
News Stories: 341
Myanmar Videos: 59
Interesting Facts: 29
Factsheets: 9
 © Copyrighted 2012 Invest Myanmar.biz. All rights reserved.  

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.



Crafted by Sofia Web Works®, makers of Pahraat Kasinot and Casinobonus på alla svenska online casinon an Invest Bulgaria company