Italian Thai, Rojana to sign first phase of Dawei development by June

April 21, 2015 5:10 AM

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BANGKOK, April 21 (Reuters) - Italian Thai Development Pcl and Rojana Industrial Park will sign a $1.7-billion deal to develop the first phase of the long-delayed Dawei industrial zone in southeastern Myanmar by June, Thailand's deputy transport minister said on Tuesday.

The project is arguably Southeast Asia's most ambitious industrial zone - a 250-sq-km (100-sq-mile) deep-sea port, petrochemical and heavy industry hub located along the slim Thai-Myanmar peninsula.

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