ITD proceeds with Dawei project
Italian-Thai Development Plc is proceeding with the development of infrastructure for Dawei project, with utmost confidence that the port city would be a container shipment hub.
Premchai Karnasuta, president of the construction company, at a press conference today expressed his confidence that the port city, designed to be the southern corridor for the Greater Mekon Subregion, could be a new transport hub aside from Singapore.
Earlier, ITD inked a contract with Ratchaburi Electricity Generating Holding Plc for the construction of a huge power plant. Premchai also said earlier that ITD would join hand with a Japanese investor to invest in a Bt300 billion smelting plant.
He said today that the company will start next year the construction of a deep-sea port, a road and rail project and a massive reservoir. He envisioned the development of over 200,000 residential units, as once completed the industrial town would house upto 600,000 workers. With a law to promote the special economic zone, the development pace would be quick.
Facing fierce competition at home, ITD has shifted its focus to Burma.
To Premchai, Dawei is a perfect industrial location, located about 300km from Bangkok. Abundant water resources is promised by Dawei River.
