Myanmar to Build New Multi-Purpose Port in Yangon

News in Asia
Myanmar to Build New Multi-Purpose Port in Yangon

Yangon Regional Parliament will study feasibility of the construction of a new multi-purpose port in Kawhmu township, southwestern Yangon.

The capacity of the existing ports in Yangon and Thilawa is quite limited and with the amount of internationally traded goods constantly rising they will soon face a huge problem being unable to handle the necessary volume. Yangon and Thilawa ports currently handle about 95% of all country's export and import and are the main gateway for commercial trade between Myanmar and Singapore, Malaysia, India, China, Sri Lanka, Indonesia, Vietnam, Bangladesh and Thailand with 20 shipping lines calling regularly to the ports.

The new port is expected to help reduce costs of imported fuel what will definitely bring benefits to the country's tourism sector as well. Higher fuel costs than in the neighbouring countries were named one of the 6 major issues touched upon by the Union of Myanmar Travel Association (UMTA) at a tourism conference in Nay Pyi Taw which took place last week. The high cost of fuel influences greatly the price of packages offered by the national tour operators making them totally incompetitive on the regional level.

According to statistics, only about 40% of the tourists coming to the country entry through international airports with impressive 60% of arrivals through land borders. If the new port is built it will probably service tourist cruise ships, too.

Source

News

Thailand Gets Ready For Khao Phansa Festival 2018

The day of the beginning of the Buddhist Lent, Wan Khao Phansa, is celebrated throughout the country on full moon of the 8th lunar month. This year, it falls on July, 28, and the Tourism Association of Thailand has prepared a list of the destinations to get most of the festival.

22 June 2018

Phu Quy Island in Vietnam Gets Its Fast Ferry Service

Phu Quy, a small island 100 km off the shores of Phan Thiet, is getting its speedboat service hoping to become a popular tourist destination soon.

22 June 2018

7 of 50 World's Best Restaurants Are Found in Asia

The World's 50 Best Restaurants have been revealed earlier this week in the Spanish port city of Bilbao. Bangkok, Tokyo, Shanghai and Singapore have their venues featured in the list.

21 June 2018