A Singapore-based consortium led by CPG Consultants has been chosen to develop the master plan for the first phase of the Kyauk Phyu Special Economic Zone (KP SEZ) in Myanmar’s southeastern Rakhine State.
The consortium will work closely with the bid evaluation and awarding committee of the KP SEZ to craft the master plan that will form the basis for the tender process of the first phase of the development, according to the website of the KP SEZ Management Committee.
The CPG group won over 16 other companies to provide consultancy service on land issues, port construction, and finance and project programs for the first phase of the SEZ project.
Following the selection of the consultant, a search for the developer of the first stage will be conducted. The consortium will invite bids for phase one starting this month.
Development of the first stage is set to start this year and will see the construction of a deep-sea port, an industrial park, and an integrated residential area.
For its part, the Myanmar government will upgrade the existing road network in Kyauk Phyu SEZ. A new power plant and power lines are also under construction, CPG said.
The total Kyauk Phyu SEZ covers some 75 square kilometers of land. According to the KP SEZ website, being “at the geographic center of three economically vibrant and dynamic markets—China, India and ASEAN—Kyauk Phyu is uniquely positioned to serve as a trade corridor connecting these three economies.”
It added that the site has a natural deep-sea harbor and natural resources such as oil and gas and marine biodiversity. “It also has sufficient land and ample labor for industrial development and the expansion of residential areas.”
Kyauk Phyu in western Myanmar is one of three places the national government plans to develop into special economic zones, with the other two being Thilawa, near Yangon, and Dawei, in the southern part of the country.
The Kyauk Phyu Special Economic Zone is expected to provide socioeconomic benefits to the region and its environs, with phase one expected to create 50,000 jobs for the locals.
The CPG consortium also includes real estate services firm DTZ Debenham Tie Leung, Ernst & Young Solutions LLP, and consultancy Global Maritime And Port Services.
