More transparency needed for China deals, officials say

Description: 

"Chinese investments historically dominated Myanmar’s foreign direct investment landscape. Some projects are government-to-government initiatives while others were won through tenders. Observers say Myanmar should diversify its partners in strategic sectors such as electricity for more sustainable development. Apart from financial matters, Myanmar’s government should take into account security issues,” said Daw Khin Khin Kyaw of the Institute for Strategy and Policy. She said that tenders should be conducted more transparently and not pushed through in a hurry. Under Daw Aung San Suu Kyi’s government, the two countries have looked into ways to work together through the China-Myanmar Economic Corridor scheme and moving ahead with the proposed Kyaukphyu port, the Yangon “New City” development and the Muse-Mandalay railway project. Meanwhile, China Harbour Engineering Co, supported by China Communication and Construction Co as adviser, recently won a US$100 million tender to construct the Gote Hteik Bridge under a build, own and operate agreement..."

Creator/author: 

Chan Mya Htwe

Source/publisher: 

"Myanmar Times" (Myanmar)

Date of Publication: 

2020-01-13

Date of entry: 

2020-01-13

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China

Language: 

English

Resource Type: 

text

Text quality: 

    • Good