Myanmar Pulls Swiss Firm to Scrutinize China’s BRI Project

Description: 

"The Myanmar government says it is receiving help from a Swiss company to scrutinize a China-backed study on Beijing’s ambitious railway project to connect Mandalay with Kunming, the capital of Yunnan Province in southwestern China. At a press conference in Naypyitaw on Wednesday, Myanma Railways Managing Director U Ba Myint said the Swiss company has already stepped in as a third party to review the feasibility study for the Muse-Mandalay Electric Railway, submitted by China Railway Eryuan Engineering Group (CREEG). The managing director did not disclose the name of the Swiss company, but said the company will cover all their own expenses for the review. The US$8.9 billion Muse-Mandalay Railway project is part of the backbone of the China Myanmar Economic Corridor (CMEC), which is itself part of the Belt and Road Initiative (BRI), Beijing’s grand Asia-Pacific infrastructure plan. The Muse-Mandalay Railway is expected to be a key part of the economic corridor and connect with the Chinese rail network at the Chinese border town of Ruili in Yunnan Province. The railway an initial part of the strategic China-Myanmar High Speed Railway, which aims to connect Kyaukphyu in western Myanmar’s Rakhine State with Kunming via Muse, in Shan State. In 2011, Beijing and Naypyitaw first signed a memorandum of understanding (MOU) to build a railway from Ruili to Kyaukphyu via Muse. The entire rail line was to run 810 km. However, the government of then-president U Thein Sein suspended the project due to strong local objections and concerns about unfair terms, including interest rates and revenue sharing as well as security. The agreement expired in 2014..."

Creator/author: 

Nan Lwin

Source/publisher: 

"The Irrawaddy" (Thailand)

Date of Publication: 

2020-06-11

Date of entry: 

2020-06-13

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China

Language: 

English

Resource Type: 

text

Text quality: 

    • Good