India backed Sittwe port in Myanmar soon to be operational

Sittwe Port, Myanmar

Infrastructure development works at Sittwe Port in Myanmar, constructed with India’s assistance, is getting ready for operation. It was informed by the Minister of State for Shipping, Road Transport and Chemical & Fertilizer Mansukh L Mandaviya.

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.

The works have been carried out as per the bilateral Memorandum of Understanding (MoU) signed between the Government of India and Myanmar on 22nd October, 2018 for the functioning of the Port at Sittwe and Inland Water Transport (IWT) Terminals at Sittwe and Paletwa.