Kyaukphyu Special Economic Zone (; abbreviated Kyaukphyu SEZ) is a Burmese
special economic zone
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increas ...
being developed on
Kyaukphyu
Kyaukphyu ( ; also spelt Kyaukpyu) is a major town in Rakhine State, in western Myanmar and it is informally addressed to be the second capital of Rakhine State.It is located on the north western corner of Yanbye Island on Combermere Bay, and is ...
,
Ramree Island
Ramree Island (; also spelled Yanbye Island) is an island off the coast of Rakhine State, Myanmar (Burma). Ramree island is the largest island on the entire Arakan Coast and in Myanmar. The area of the island is about and the main populated ce ...
,
Rakhine State
Rakhine State ( ; , ; ), formerly known as Arakan State, is a Administrative divisions of Myanmar, state in Myanmar (Burma). Situated on the western coast, it is bordered by Chin State to the north, Magway Region, Bago Region and Ayeyarwady Re ...
.
Kyaukphyu SEZ was first announced in September 2013.
The project initially began as a joint venture between the Chinese and Burmese governments, but has since transitioned to private developers.
Kyaukphyu SEZ will be accessible to the
Shwe gas field
The Shwe gas field is a natural gas field in the Andaman Sea, offshore from Myanmar. Discovered in 2004, it was developed by Daewoo, determining it to have initial total proven reserves of around 9.1 trillion ft3 (260 km3). It began ...
in the
Bay of Bengal
The Bay of Bengal is the northeastern part of the Indian Ocean. Geographically it is positioned between the Indian subcontinent and the Mainland Southeast Asia, Indochinese peninsula, located below the Bengal region.
Many South Asian and Southe ...
.
The oil and gas terminal was financed by the
China National Petroleum Corporation
The China National Petroleum Corporation (CNPC) () is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing, Dongcheng District, Beij ...
which built two pipelines for natural gas and oil.
The Myanmar press reported on the signing of an agreement between the consortium 26 May 2014 in Naypyitaw, led by CPG Consultants and PM Link, and the Kyauk Phyu Special Economic Zone Management Committee for the development of the master plan and management of the tender process for the Kyauk Phyu Economic Zone (SEZ).
The consortium comprises CPG Consultants Pte Ltd, DTZ Debenham Tie Leung (SEA) Pte Ltd, Ernst & Young Solutions LLP, Global Maritime And Port Services Pte Ltd and PM Link Pte Ltd.
Deep-Sea Port
The
Kyaukphyu Deep Sea Port is the key component of the Kyaukphyu Special Economic Zone. The SEZ comprises three main projects: the deep-sea port, an industrial park and a residential area. Among these the development of the deep-sea port is the top priority.
The port is being constructed in phases, beginning on Maday Island and later expanding to Ramree Island.
See also
*
Kaladan Multi-Modal Transit Transport Project
The Kaladan Road Project () is a US$484 million project connecting the eastern Indian seaport of Kolkata with Sittwe seaport in Rakhine State, Myanmar by sea. In Myanmar, it will then link Sittwe seaport to Paletwa in Chin State via the Kalada ...
*
Economy of Burma
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with ...
*
Special economic zone
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increas ...
**
Gelephu Special Administrative Region
Gelephu Special Administrative Region (stylized as GeSAR), also known as Gelephu Mindfulness City (GMC SAR) () and Sarpang District Special Economic Zone (SD SAR), is a planned economic hub and special administrative region in Gelephu in Bhutan, s ...
, in Bhutan on border with India
**
Dawei SAR, in coastal Myanmar
**
Thilawa Special Economic Zone
Thilawa Special Economic Zone (; abbreviated Thilawa SEZ) is a special economic zone being developed in Kyauktan and Thanlyin Townships, south of Yangon city. The first phase of the SEZ became operational at the end of September 2015.
History
...
, in coastal Myanmar
**
Mong La SAR, in eastcentral Myanmar on border with China
**
Shwe Kokko SAR, in southern Myanmar on border with China
External links
Official website
References
{{coord missing, Myanmar
Special Economic Zones of Myanmar
Economy of Myanmar
Rakhine State