The Sittwe port in Myanmar will be operational during the next six months as tendering to appoint a private operator will be floated by December-end or January, a top Inland Waterways Authority of India (IWAI) official said Friday.
India has developed the port as part of bilateral development programs for the neighbour with an overall commitment of USD 1.75 billion.
The Sittwe port under the Kaladan Multi Modal Transit Transport Project will connect India's landlocked northeastern region to the Bay of Bengal through Mizoram. It will also provide an alternate route to Kolkata.
"Tendering for Sittwe port will be floated in December or latest by January. The port will be operational within next six months," IWAI vice-chairman Pravir Pandey said on the sidelines of The Bengal Chamber organised annual shipping conclave.
India and Myanmar in October inked an MoU for the appointment of a private operator of the Sittwe port that promises to boost connectivity.
The project will also boost riverine transport that have already crossed 6 million tonnes of cargo on the Ganga during April to October and this is expected to touch 8 million tonnes by end of this fiscal, an official said.
Developing the port is believed to be a major step in the implementation of India's Act East Policy.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
