Sittwe Port in Myanmar, constructed with India's assistance, is ready for operation : Mansukh Mandaviya

Posted by Daily Shipping Times on 09-01-2019        Tweet

NEW DELHI: The Minister of State for Shipping, Road Transport and Chemical & Fertilizer Shri Mansukh L Mandaviya informed Rajya Sabha that infrastructure at Sittwe Port in Myanmar, constructed with India’s assistance, is ready for operation.

The Minister said that the construction of Sittwe Port is part of the Kaladan Multi Modal Transit Transport Project. Its objective is to create a Multi-Modal sea, river and road transport corridor for shipment of cargo from the Eastern Ports of India to Myanmar through Sittwe Port as well as to North-Eastern part of India via Myanmar. Once fully operational, the project would encourage investment and trade and also open up alternate routes for connectivity to India’s North East Region.

The approved construction cost of Sittwe Port and Inland Water Terminals at Sittwe and Paletwa is Rs. 517.29 crore.

A Bilateral Memorandum of Understanding (MoU) was signed between the Government of India and Myanmar on 22nd October, 2018 for operationalization of the Port at Sittwe and Inland Water Transport (IWT) Terminals at Sittwe and Paletwa.