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US$400 million off-shore oil well logistics base earmarked for construction in Ayeyarwady

Myitmakha News Agency

Pathein, September 9 – in a bid to get a green light from authorities, the SIM Company has reportedly submitted a proposal to the Ayeyarwady regional government on its off-shore logistics base project, anticipated for implementation on Ngayoutkaung Beach, located in Ayeyarwady Region’s Ngapudaw Township, Myitmakha News Agency has been told.

The SIM Company is reportedly a Myanmar-owned subsidiary of the Dutch-based Southern Island Group. They have further submitted their proposal to regional government after it was passed by the Investment Commission back in March this year.

“The proposal was submitted to the Investment Commission so the company start to could implement the project, and it’s since been presented for approval to regional government in accordance with investment commission protocol,” said U Hla Kyaw, Minister of Planning and Finance for Ayeyarwady Region.

U Aung Kyaw Khine, speaker of the Ayeyarwady Region Hluttaw, informed Myitmakha News Agency that findings of the Hluttaw’s Economic and Manufacturing Development Committee will be presented to Hluttaw on September 28 once they have finished scrutinizing and studying the proposal.

“The project proposal is short, highlighting only the positives; they haven’t mentioned any of the potentially negative aspects. There will be advantages and disadvantages to a project, such as this one, but the views and opinions of local residents are important. They need to be informed of this project proposal and their opinions towards it consulted upon,” said U Phyo Zaw Shwe, Ayeyarwady Region Hluttaw MP for Ngapudaw Township.

It is anticipated the project will be constructed on 184.30 acres of land within Ngapudaw Township’s Nantharpu village tract. Estimates put the cost of the project at roughly US$400 million, while the aim of the project is to build a off-shore logistics base that could facilitate transportation and other service requirements for off-shore oil wells, according to the Ayeyarwady regional government.

“Ever since the erstwhile government was in power, I was under the impression the project was for the building of a deep-sea port. I think only the individuals, who took land from local residents in all manners of ways, will prosper [from the initiative]. More than developing an industrial zone in the Ngayoutkaung beach region, I would prefer tourism development initiatives to be carried out as it’s home of Gawgyi Island and untouched beaches,” said U Maung Kan, a resident of Ngayoutkaung region.

Local farmland was confiscated from villagers during the erstwhile government reportedly to be utilized for the implementation of the off-shore logistics base.

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