JV to build Ayeyawady International Industrial Port in Pathein
14 Aug 2020 - Source: Global New Light of Myanmar - Ever Flow River Group Public Company (EFR) joined hands with Ayeyar Hinthar Holdings Co., Ltd (AHH) to implement Ayeyawady International Industrial Port (AIIP) and set up a joint venture namely A Logistics Co., Ltd, according to the EFR's press statement. Unison Choice Services Limited, a subsidiary of EFR, owns 60 per cent of shares of A Logistics Co., Ltd and 40 per cent are held by AHH Co., Ltd. They signed an agreement to implement multi-sectoral infrastructure development project AIIP in Pathein town, Ayeyawady Region. The JV has carried out a feasibility study for over a year. The project includes bonded warehouses, container yard, international port terminals, and necessary infrastructure. Later, the port can handle international ships and ocean liners, as per the statement. The project is situated on about 6,700 acres of land in Pathein-Ngaputaw Highway.
As per the agreement, A Logistics Co., Ltd will operate AIIP project, build the workforce, work design, support logistics to manufacturing and trading sectors, provide ocean freight service to penetrate the local products to the international market, import raw materials for CMP businesses and agriculture sector, and offer comprehensive logistics services.
Upon the completion of the project, it will bring about the market competitiveness, promoting Myanmar's agro products in the international market, access to high-quality products, local productivity growth and job opportunities. (By Nyein Nyein, Translated by Ei Myat Mon)