China to build port in Myanmar, third in India's neighbourhood

By Gaurav Sharma

Beijing, Nov 9 (IANS): China will develop a multi-billion-dollar deep sea port in Myanmar's Kyaukpyu town along the Bay of Bengal, a development that will concern India which already has two Chinese-built ports around it.

Under China's Belt and Road project, the deal between Beijing and Nay Pyi Taw was signed on Thursday after years of stalled talks over the financing of the project. China is building the Gwadar port in Pakistan and has a 99-year lease of strategic Hambantota port in Sri Lanka. Besides, it is also funding one at Chittagong in Bangladesh.

India sees Chinese developing ports in the neighbourhood a strategy to encircle it in the Indian Ocean. Myanmar has grown wary of Chinese investment and has downsized some of its projects in the country. The Chinese state media said the port deal was a significant step for the continued implementation of the Belt and Road. According to a report in the Global Times, China will fund 70 per cent of the project and the remaining 30 per cent will be taken up by Myanmar.

"The signing of the framework agreement marks a significant step for the port project, which has been stalled since 2015, and for the continued implementation of the China-proposed Belt and Road Initiative (BRI), which has come under increased scrutiny because of cases such as the Kyaukpyu port project," the report said. "Prolonged negotiations fuelled criticism of the BRI, which some foreign critics said could add to local debts and even threaten other countries' sovereignty."

Leave a Comment

Title : China to build port in Myanmar, third in India's neighbourhood


You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.

Security Validation

Enter the characters in the image