Dawei SEZ Development Costs Soar to $10.7 Billion

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A Thai government study says the investment costs of the much-delayed Dawei port and industrial special economic zone in southeast Burma have risen to US $10.7 billion, up from $6.6 billion projected two years ago, The Nation reports. Of the total expenditure $8.2 billion would be spent in Burma, while the remainder would cover transport and power-connections in Thailand. The first project phase, which is scheduled to end in 2015, would cost $6.8 billion. Burma is seeking to replace the previous Italian-Thai project developer with a new holding company comprising the Burmese government, Thai state-owned companies and Japanese investors.