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India all set to take over ops in Myanmar's Sittwe Port after Chabahar
Jan 09, 2019

India after Chabahar Port in Iran is all set to take over operations of Myanmar's Sittwe Port that will enable to counter-balance China's BRI in the Indo-Pacific region. 
 
In a written reply to a question in Rajya Sabha, Minister of state for Shipping, Road transport and chemical & fertilizer Mansukh L Mandaviya informed that the infrastructure at Sittwe Port in Myanmar, constructed with India’s assistance, is ready for operation. 
 
The construction of Sittwe Port is part of the Kaladan multi-modal transit transport project and its objective is to create a multi-modal sea, river and road transport corridor for shipment of cargo from the eastern ports of India to Myanmar through Sittwe port as well as to north-eastern part of India via Myanmar. 
 
The approved construction cost of Sittwe Port and Inland Water Terminals at Sittwe and Paletwa is Rs. 517.29 crore. 
 
India and Myanmar signed a bilateral Memorandum of Understanding (MoU) on 22nd October, 2018 for operationalisation of the port at Sittwe and Inland Water Transport (IWT) Terminals at Sittwe and Paletwa. Once fully operational, the project would encourage investment and trade and also open up alternate routes for connectivity to India’s north-east region. 
 
The development comes even as India took over the operations of a part of Shahid Beheshti Port, Chabahar in Iran during the Chabahar Trilateral Agreement meeting that was held on December 24th, 2018. 
 
    

Economictimes.indiatimes

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