BUSINESS – $200m Thilawa wharf set for 2017 completion

Backed by a US$209-million loan from Japan, construction on a new wharf for Thilawa port, 25km southeast of Rangoon, is set to be completed by 2017, Myanma Port Authority announced on Wednesday. Currently, a total of 32 berths—23 at Rangoon port and nine in Thilawa—handle more than 80 percent of Burma’s shipping freight. Thilawa SEZ is a joint venture between Burmese and Japanese governments, with the main investors including Mitsubishi, Marubeni and Sumitomo corporations.