CPG to direct masterplan for Myanmar SEZ

[SINGAPORE] Local firm CPG Consultants will lead a Singapore-based consortium that will oversee a masterplan for the development of the Kyauk Phyu Special Economic Zone (SEZ) in Myanmar, CPG announced yesterday.

The five-member consortium, which includes professional services firm Ernst & Young and property consultancy DTZ, will head the masterplanning of the 75 sq km site, and work with the Myanmar government to call a tender for international investors with a track record and the technical and financial capability to develop a deep-sea port, an industrial park and an integrated residential area in the SEZ.

Kan Zaw, the Union Minister of National Planning and Economic Development in Myanmar, said that Kyauk Phyu, located on the Bay of Bengal in western Myanmar, is "uniquely positioned to serve as a trade corridor" among China, India and Asean.