Developer of Myanmar’s Dawei mega-project seeks funding

BANGKOK: The clay model of Myanmar’s ambitious Dawei deep-sea port and special economic zone sprawls across a long table on the 43rd floor of the headquarters of Italian-Thai Development Pcl. Glossy posters hail it as the “new global gateway of Indochina”.

But moving ahead with the first phase of the project is proving slow, despite the dramatic reforms sweeping Myanmar and the gradual lifting in Western sanctions as the former British colony emerges from half a century of isolation – a prospect underlined on Monday by plans by the European Union to ease some punitive measures.