YANGON, April 22 (Xinhua) -- Myanmar port authorities will build 14 more jetties at Yangon Port in addition to the 18 existing ones, in a bid to double the freight handling, official media reported Monday.
Of the 14 planned jetties under the government's port development project, seven are to be built through joint venture and foreign aid, Transport Minister U Nyan Tun Aung was quoted by the New Light of Myanmar as saying.
U Nyan Tun Aung, in an inspection tour to the Yangon port, said Myanmar port would become crucial in Southeast Asia after the country's Dawei Deep Seaport and Kyaukbyu Deep Seaport come into operation.
Yangon port handles 85 percent of export and import of the whole country, he disclosed, adding that the state will be responsible for 25 percent of the jetty construction, while the rest will be left to private constructors.
Meanwhile, Myanmar authorities have recently privatized one of the main jetties at Yangon Port to a military-owned Myanmar Economic Holding Ltd by selling off the port at a price of over 30 billion Kyats (34.89 million U.S.dollars), local media quoted the Privatization Commission as saying.
The privatized Bo Aung Kyaw Jetty, covering an area of over 4. 73 hectares, is one of five main jetties of the port which handles containers, edible oil and general cargoes.
The Yangon port authorities has also invited tenders to upgrade Yangon Port into an international standard one, and one of the private companies, the Pearl Land, won the contract with a 15-year land lease for the development.