The $120 million project will allow India to develop a multimodal transit facility at the Sittwe port on the Kaladan River. Goods will be transported to and from India by road and river.
India will also deepen the Kaladan river to make it navigable all the way up to India's Mizoram state, build a 117-kilometer road on the India side to the border, and upgrade road connections from the rest of India to Mizoram. The agreement allows states in landlocked northeastern India access to the sea and southeastern Asia by bypassing transit through Bangladesh, which the government there has blocked.
The project is expected to be commissioned in 2011-2012, according to India's Assam Tribune.
Both sides also agreed to take steps to open up existing border points in India's northeastern states for regular trade.
India's investment conflicts with international efforts to isolate the Myanmar government because of its violent crackdown on pro-democracy demonstrators last year.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now