Date of Release:
Dec 15 2015
The multibillion-dollar Dawei special economic zone (SEZ) and related projects will go ahead at full scale after Japan yesterday agreed to take a one-third equity stake in the associated special purpose vehicle (SPV) jointly set up by Myanmar and Thailand.
The deal was struck at the fifth Myanmar-Thailand Joint High-Level Committee Meeting that was attended by top officials from all three countries.
Japan's equity holding will be equal to Myanmar's and Thailand's.
The SPV currently has maximum registered capital of Bt100 million.