21 May 18 - The Star High Asia Pacific Company had been given a five-year green light to begin mega dredging project in Yangon River, says Myanma Port Authority. While vessels requiring nine meters depth of water were allowed to pass through the Yangon River, most vessels had to wait for the rising tide as the water way gets gradually clogged up with silt. Around 300 vessels enters and departs in the Yangon River daily. Myanmar Port Authorities invited the competitive tender on dredging project to facilitate travel for those vessels. According to the contract, the tender winning company will be hiring the dredgers by spending US$4.95 million per year. The dredging project has been launched in Yangon River since the beginning of May 14th and it will last about one and half months.
Source: Eleven Myanmar
Source Link: http://www.elevenmyanmar.com/business/13950