Thai Deputy Prime Minister Pridiyathorn Devakula said Japan had aagreed to help develop the Dawei Special Economic Zone.
Japan will hold an equal partnership in Dawei SEZ Development Company, a special-purpose vehicle or company, to run the project.
Dawei SEZ Development replaced Italian-Thai Development Plc, which had received the original concession from the Myanmar government in November 2010.
Thailand and Myanmar in June 2013 agreed to set up the Dawei SEZ Development Company with an equal shareholding and initial investment of 12 million baht, far below the 100 million proposed earlier. The company is registered in Thailand.
Courtesy of the Bangkok Post