KITSAPA- Construction of the Kanyinchuang economic zone along the Maungdaw border area in Rakhine State was formally kicked off Friday morning, with completion slotted for the end of 2018.
Nyi Pu, Rakhine State Chief Minister, officials from Natmyit Ahlintan Company that are heading construction, and members of the government committee of Rakhine State held a ceremony to celebrate the project’s official conversion from a trade zone to an industrial zone.
A 1.4-mile-long (2.25-kilometre) gravel road is now being built near Shwezar Bridge in Aung Ba La village. Meanwhile, earth-moving work is underway, with both tasks scheduled for February 28 completion, said Aung Myint Thein, vice-chairman of the Economic Zone Implementation Committee.
“Later, we are going to build circular fences, toilets, bathrooms, security posts, buildings for recreation as well as a fire service department to meet deadline of March 31,” he said.
Kyaw Aye Thein, the Commerce, Planning and Finance Minister of the Rakhine State Government Committee, said that plans were underway to implement seven kinds of projects by March 2018 and a management committee already had been formed to oversee implementing the Kanyinchaung Economic Zone project in the Maungdaw border area.
Authorities expected to extend the Kanyinchaung economic zone from 100 acres (40.4 hectares) wide to 200 acres, with the first phase comprising a 100-acre plot.
Buildings and jetties are already completed and Myanmar can use the facilities for trade with both Bangladesh and India.
The Rakhine State Government Committee signed MoU with the Natmyit Ahlintan Company to build the Kanyinchaung economic zone.
The zone is situated beside Kanyin creek about two miles (3.2 kilometres) distant from Maungdaw Township. Moreover, vessels of 300 or 400 tonnes can dock at the Kanyinchaung jetty, located about four miles from the jetty in Bangladesh.
The trade zone was constructed under the previous government with an investment of 6 billion kyat in cooperation with investments from private companies of 4 billion kyat starting in 2015-2016 fiscal year.