Update on Dawei Special Economic Zone Initial Phase Development announcement

The Dawei Special Economic Zone management committee (DSEZ MC) has updated its announcement related to to issue of termination the Concession Agreement for all nine contracted initial phrase at the Dawei Special Economic Zone. DSEZ MC states that, they lost the confidence in the capacity of the Concessionaires' to proceed with this projects of national significance after repeated delays, continuing breaches of financial obligations under the contracts and Concessionaires' failure to confirm the financial capacity to proceed with development.