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NEWS ALERT - Thai Firm Plans Huge I (r)
- Subject: NEWS ALERT - Thai Firm Plans Huge I (r)
- From: Reaproy@xxxxxxx
- Date: Sun, 23 Nov 1997 09:27:00
Thai Firm Plans Huge Investment in Myanmar
Xinhua
21-NOV-97
BANGKOK (Nov. 21) XINHUA - Thailand's
Kanchanaburi-tavoy Development LTD (KTD) plans
to form joint ventures with the Kln group of Myanmar
to invest billions of U.S. dollars in 12 projects in
Myanmar, according to KTD President Patana
Sinklanchananalai.
KTD was formed by Krungthai Tractor LTD and
members of the Federation of Thai Industries in
western Thailand's province of Kanchanaburi.
The first one involves a 110-kilometre, 40 million
U.S. dollars tollway project to connect Tavoy in
Myanmar to Kanchanaburi border of Thailand,
according to local press reports today.
The tollway will allow Thailand to have an alternate
access from the Malacca peninsula for exporting
goods to east Asian markets. Patana was quoted
today by local press as saying.
Other projects include a sugar mill and sugar cane
plantation, a deep-sea port and an oil pipeline. All
the projects will be situated along the tollway,
Patana said.
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Subject: NEWS ALERT - Thai Firm Plans Huge Investment in Myanmar
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