Friday, June 28, 2019

Myanmar International Terminals Thilawa Phase 2 to be extended soon

With the economy forecast to grow, the Myanmar Inter-national Terminals Thilawa (MITT) plans to invest in extending its Phase 2 soon, MTT marketing manager U Than Tun has been quoted by iMy-anmarHouse.com as saying.

“We are also planning to implement goods transportation by train from Thilawa to Ywar Thar Gyi-Mandalay in August,” he added.
MITT Phase 2 will be extended with US$158 million obtained from Hong-Kong based Hutchision Port Holding Company.
According to MITT, the terminal is 185 acres wide and the jetty is 1,000 meters long. The construction of the container yard has been completed. The terminal can now handle 450,000 containers annually.
In 2017-2018, Thilawa terminals handled 157,755 TEUs. Hutchison Port Holding Company has already constructed jetties in Europe, the Middle East, Asian countries, and the US. They have invested in construction of 52 jetties in over 20 countries.
Hutchison Port Holding Company began investing in Myanmar International Terminals Thilawa in 1995.

GNLM
(Translated by Hay Mar)
Ref: The Global New Light of Myanmar

No comments:

Post a Comment