The Kaladan multi-model transportation project, jointly implemented by Myanmar and India, is expected to be completed in December, official media quoted Myanmar Port Authority (MPA) as reporting on Thursday.
The project will boost trade between the two countries and help Myanmar to trade not only with India but also with other foreign countries, said a statement of the MPA.
The 480-million-US dollar Kaladan project is implemented in three phases with the first phase including the construction of Sittway Deep Seaport and Paletwa Jetty, dredging the Kaladan waterway and construction of six vessels, while the second phase covers construction of 109 km long road to link Paletwa with the border region and the third phase comprises construction of a 60 km highway between Laungtalai, India's Mizoram State and Myanmar's Chin state.
The completion of waterway and highway project passing through Myanmar's Rakhine and Chin states will help support better transport and trade between the regional countries. Myanmar and India signed the contract on Kaladan multi-purpose transportation project in 2008.
Courtesy Global Times