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Japan raises stake in Dawei project

The Thai Cabinet today approved the proposed increase in Japan’s stake in the Dawei development project to 33.33 per cent. Under the Finance Ministry’s proposal, the stakes of Thailand and Myanmar will fall from 50:50 to 33.33 per cent. The investment remains capped at Bt100 million per each country.

Sansern Kaewkamnerd, the spokesperson of the Prime Minister’s Officer, said that the change followed Deputy Prime Minister Somkid Jatusripitak’s visit to Japan.

Transport Minister Arkhom Termpittayapaisith said that the three parties would meet on December 14 with the high-level working group and Dawei Development Co Ltd’s representatives.

By The Nation

Dawei, Tanintharyi, Myanmar, January 8, 2016

The Thai Cabinet today approved the proposed increase in Japan’s stake in the Dawei development project to 33.33 per cent. Under the Finance Ministry’s proposal, the stakes of Thailand and Myanmar will fall from 50:50 to 33.33 per cent. The investment remains capped at Bt100 million per each country.

Sansern Kaewkamnerd, the spokesperson of the Prime Minister’s Officer, said that the change followed Deputy Prime Minister Somkid Jatusripitak’s visit to Japan.

Transport Minister Arkhom Termpittayapaisith said that the three parties would meet on December 14 with the high-level working group and Dawei Development Co Ltd’s representatives.

He also said that Japan would review the 138-road linking Thailand and the special economic zone. Italian-Thai Development designed it as a two-lane road.

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