Hong Kong-based logistics service provider Kerry Logistics Network Limited’s subsidiary, KLN (Singapore) Pte Ltd, has been awarded concession to operate inland ports in Yangon and Mandalay.
The inland ports will serve as container and cargo terminals linked by railway to major routes in the country, and as hubs for the exporters, importers and domestic logistics service providers of cargoes in and out of Yangon and Thilawa Ports, as well as for cross-border cargoes from neighbouring countries such as China and Thailand.
In a bid to seize new opportunities for cross-border trade upon entering the ASEAN Economic Community, the Myanmar government is currently developing the railway transportation potential and promoting mass cargo transportation in the country.
George Yeo, chairman of Kerry Logistics, said, “Railway transportation is an essential backbone in support of Myanmar’s economic development, both within the country and with nearby regions. Given Kerry Logistics’ presence in ASEAN, our goal is to further strengthen the linkage among countries in the region and seek accelerated growth by developing an integrated Greater Mekong Region platform covering Thailand, Cambodia, Myanmar and Laos.
“The inland ports in Yangon and Mandalay form a vital part in pursuing such an integration.”
Kerry Logistics said it will work closely with the Ministry of Rail Transportation to strengthen the country’s rail transportation capabilities and expand its network both domestically and within Southeast Asia.
The partnership is expected to create 400 job opportunities and facilitate industry expertise sharing in the country, the firm claimed.
From:Myanmar Business Today