Adani Ports and Special Economic Zone will set up its first container terminal outside India in Myanmar at an estimated cost of USD 290 million (over Rs 2,000 crore). The company signed an agreement Thursday to develop and operate a container terminal at Yangon Port in Myanmar.
Construction for phase one of the project will commence next month and will be completed by June 2021. It is a two-phase project.
“Total project cost for both phases would be USD 275-290 million. The investment is in line with APSEZ strategy to have a footprint in Southeast Asia and expand the container terminal network,” Adani Ports and Special Economic Zone (APSEZ) said in a statement. Read More
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