"Environmental impact assessment (EIA) and social impact assessment (SIA) have started in Kyaukphyu SEZ and Kyaukphyu deep seaport. The project will be implemented after signing agreements including shareholder and other ones, said Deputy Minister Aung Htoo of the Ministry of Commerce. “Kyaukphyu was already negotiated in the time of the first government. The contract was changed into a ratio of 70-30 from 85-15. Then a framework agreement was signed. Now, the EIA and SIA have already begun. If the shareholder agreement and other ones are signed, the project will start an operation, said Deputy Minister Aung Htoo. Previously, the agreement showed an 85 % would go to China and a 15 % to Myanmar. In the time of the current government, the project was re-negotiated and was newly signed back. The agreement indicated that a 70% would go to China and 30 % to Myanmar. “In a ratio of 70: 30, a 70 % goes to China and 30 % to Myanmar. In a 30 % of Myanmar, it will be divided in half, that is, 15 % each to the government and public companies including ethnics, Union Minister Than Myint told the Daily Eleven. Concerning Kyaukphyu SEZ and Kyaukphyu deep seaport, Myanmar-China bilateral framework agreement was signed by the management committee of Kyaukphy SEZ and CITIC consortium on November 8 in 2018..."