7 June 18 - The Yangon Region Government has submitted plans to implement a multipurpose terminal in Kawhmu Township in the southern Yangon Region. It aims to increase foreign currency earnings, create more job opportunities, facilitate export/import and cut transaction costs, explained U Zaw Aye Maung, Yangon Region Minister for Rakhine Ethnic Affairs at Yangon Region Parliament on 5 June. It was slated to be developed on 1,053 acres of land with a 2.2 km waterfront in Kawhmu Township in the southern Yangon Region. It has a nine-metre-draft of river deeper than Thilawa Port.
This new port will facilitate the export of Myanmar products such as rice, pulses and the import of fuel oil, as it would also have storage terminal for bulk liquid, he maintained.
The feasibility study has been made with Royal Haskoning Company and Surbana Jurong Company. The Yangon Port is the main gateway for international trade, handling 95 per cent of the export/import through sea. The Yangon ports can accommodate 46 ships at a time, with 26 ships at the Yangon Port and 20 ships at Thilawa Port that perform direct trade with Singapore, Malaysia, India, China, Sri Lanka, Indonesia, Viet Nam, Bangladesh and Thailand.
Source: Global New Light Of Myanmar