Mekong Eye

News. Maps. Perspectives. Solutions

Locals from Kyauk Phyu SEZ criticize the Chinese Investors

On 30th December, the government of Myanmar announced that the CITIC Consortium, which comprises of 6 Chinese companies, wins the bid to develop Kyauk Phyu SEZ. Mr. Win Shein, the MP from Kyauk Phyu said, the last minute agreement before the current government hand over the power to the new NLD-led government, could involve fraud and corruption between the government and Chinese investors. The bid for the SEZ takes 24 months, 16 companies have compete for the bid, but the government approve CITIC in rush. CITIC Consortium states it will invest about 9 bn US$ for the Kyauk Phyu SEZ project, which covers 4200 acre of lands.

By 7 Day Daily

Kyauk Phyu Gyi, Kann Nar Road, Nyaung Shwe, Shan, Myanmar, January 19, 2016

7 Day Daily

On 30th December, the government of Myanmar announced that the CITIC Consortium, which comprises of 6 Chinese companies, wins the bid to develop Kyauk Phyu SEZ. Mr. Win Shein, the MP from Kyauk Phyu said, the last minute agreement before the current government hand over the power to the new NLD-led government, could involve fraud and corruption between the government and Chinese investors. The bid for the SEZ takes 24 months, 16 companies have compete for the bid, but the government approve CITIC in rush. CITIC Consortium states it will invest about 9 bn US$ for the Kyauk Phyu SEZ project, which covers 4200 acre of lands.

×

Find the location

Find

Result:

Latitude:
Longitude:

Zoom:

Finish geocoding

×

Submit a story

Do you have news to share on these topics? Contribute to this map by submitting a story.
Help us spread vital information about the world's most crticial eco-regions.

Find location on map

Find location on map