ITD firms Burma’s Dawei project – Steel mill estimate runs to B300bn

Construction News

Italian-Thai Development expects to allot 40,000 rai of industrial land in Burma’s Dawei project next year, with plans calling for a 300-billion-baht steel mill, says ITD president Premchai Karnasuta.

The industrial estate will also comprise a fertiliser factory and petrochemical refineries. The basic infrastructure for industrial use is expected to be completed and ready to operate in 2015.

Mr Premchai said the steel mill would sit on 12,000 rai of land, with an investment of as much as 300 billion baht, and ITD would have a Japanese partner.

The mill would have a production capacity of 10 million tonnes per year, and also make downstream products for industrial and electronic uses.

Separately, ITD is negotiating with the national energy flagship, PTT, in an oil-and-gas venture.

The company previously succeeded in selling 3,000 rai of land to Ratchaburi Holding for building power plants, with revenue to be realised in 2012.

Mr Premchai said land prices in the Dawei project were on par with those in Map Ta Phut in eastern Thailand. But Dawei will include a deep-sea port that can serve a large bulk weight of 80,000 tonnes and 55 vessels at once.

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