November
10, 2016
Construction
of Sittwe Seaport has been completed 95 %, and will be completed cent percent
in December according to Myanmar Port Authority.
Sittwe
Seaport is part of Kaladan multi-modal transit transport project which is
implementing under the agreement between the Governments of Myanmar and India
in 2008.
The
implementation of the project started in December 2010.
This
project will connect Kolkata and Mizoram of India and Sittwe of Myanmar, and it
will reduce distance from Kolkata to Sittwee by approximately 1328 Kilometers.
It
will help promote development of transportation sector, friendly relations,
economic cooperation between the two countries.
The
project will also bring more trade opportunities for the two countries, as it
could connect not only India but also with other countries. It will also help
better transportation for Rakhine and Chin States along with the development of
tourism industry, and will create job opportunities for the locals.
The
project is estimated to cost about 480 million US dollars.
Ref;
mitv News
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