ADB: Don?t rush Dawei - Sufficient time needed to do it right

Description: 

"The capital-intensive Dawei project in Myanmar needs time to ensure adequate preparation, while investment and assurance from relevant governments are also critical, says the Asian Development Bank. The ADB, which is part of the Greater Mekong Subregion secretariat, has concluded that the GMS?s Southern Economic Corridor should be extended to include Dawei on Myanmar?s eastern coast, said Arjun Goswami, the bank?s director of regional cooperation and operations coordination in Southeast Asia. But he said this type of large infrastructure project requires time for good preparation and careful planning. For example, the preparation stage for the Nam Theun 2 hydropower project in Laos lasted 10 years. "The project needs to complete all feasibility studies including environmental and social impact assessments as well as due diligence. You should not rush into it," Mr Goswami told Euromoney?s Greater Mekong Investment Forum..."

Creator/author: 

Nareerat Wiriyapong

Source/publisher: 

"Bangkok Post"

Date of Publication: 

2012-06-22

Date of entry: 

2012-06-23

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  • Individual Documents

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Language: 

English

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