Myanmar Industrial Port (MIP)

Location

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Ahlone Township

Total Quay Length and Width

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509 ft x 59 ft

Accommodative size of vessel

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10000 DWT

Water Depth (Apron)

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8 meters

Investment Scheme

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25 yrs

Investment Amount

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Ks. 15745.48 Millions

Start Date of Construction

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6-5-2000

Completion Date

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4-1-2003

According to the Foreign Investment Law -1998, Myanamr Citizens Investment Law-1988 and Myanmar Companies Act 1914 under 100% Foreign Investment by BOT basic and/or Joint Venture subject to the approval of the Myanamr Investment Comission (MIC), and in support of country's economic objectives, Myanmar Annawa Swan:A:Shin Group(S) Co.,Ltd, keeping in live with Myanmar's Modernization progress, has succeeded in constructing Myanmar Industrial Port on 17.36 acres of land, with the permission of the Myanmar Investment Commission. Myanmar Industrial Port is 100% investment under B.O.T (Build, Operate & Transfer) for 25 years by local investor and is totally the private sector. The investment is Kyats 15,745,485 million. With the objective of opearting the Continer Terminal and Inland Container Depot, Myanmar Industrial Port was incorporated on 4th January 2003. This port was constructed solely by Myanmar engineers in the shortest time, with International standard to provide berthing facilities for two 12000 dead weight tonnage sea-going vessels.