India, Myanmar sign pact on Rakhine port projects

INDIA has signed a memorandum of understanding (MoU) with Myanmar on the appointment of a private operator to run and maintain Sittwe port, Paletwa inland water terminal, and associated facilities in the Kaladan Multi-Modal Transit Transport Project, an Indian Embassy statement said.

The signing was witnessed by Indian Foreign Secretary Shri Vijay Gokhale, who paid an official visit to Myanmar on Monday, the statement said, adding that the deal was a significant step in the implementation of India’s Act East Policy.

 The statement said the MoU will enhance Myanmar’s connectivity with India and add to development of the region, particularly Rakhine and Chin states.

‘’It would also add to local infrastructure capacity and help create more jobs for local people,” it added.

India and Myanmar signed a framework agreement for the ambitious transport project in 2008.

It involves using sea, river and road transport to link Kolkata and other eastern India ports with Mizoram via Rakhine and Chin.

Credit: here

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