The 75-year concession granted to Italian-Thai Development Plc (ITD) in Dawei remains in place, but construction of the deep-sea port has stopped while the participation of international investors is being arranged, a spokesman for the Myanmar government said.
The stagnant Dawei deep-sea port and industrial project took a small step forward after Myanmar agreed to secure loans from the Asian Development Bank (ADB) to invest in significant infrastructure development.
A group of angry Myanmar villagers have accused Thai construction giant Italian-Thai Development PCL (ITD) of failing to keep its promise to compensate them for losses caused by the building of new roads for the Dawei deep-sea port and industrial project.
Farmland owner Win Lwin Oo has revealed that the Thai construction firm Italian-Thai (ITD) has agreed compensation with him over damages to his land caused by the construction of the Dawei-Kanchanaburi Highway.
On June 8, two sections of highway were built across his farmland and the area had to be fenced off. The local farmer accused the firm of failing to safeguard against the perishing of long-term plantations, the blockage of streams, and the perishing of crops caused by waterlogged soil during the rainy season.