Union Minister inspects jetty, storage tanks construction project in Thilawa area

The project for building a jetty and storage tanks for handling oil and tar at Thilawa port area.
The project for building a jetty and storage tanks for handling oil and tar at Thilawa port area.

UNION Minister for Transport and Rail Transportation U Nyan Tun Aung conducted an inspection tour of a project to build a jetty and storage tanks for handling oil and tar at Thilawa port area in Yangon yesterday.
The project is being implemented under a build, operate and transfer system on a 37 acre plot in the area by Puma Energy Asia Sun Co Ltd with a total investment of US$86.4 million. The project includes construction of a jetty with an approach bridge and four tanks for storing oil and tar as well as supportive facilities.
According to sources, the project is slated for completion in 30 months after the signing of the agreement that allows the lease of land use for an initial period of up to 50 years with the right to extend 10 more years twice.

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