Yingluck drums up Japanese investment for Dawei, rail projects

national May 23, 2013 00:00

By The Nation

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Prime Minister Yingluck Shinawatra has invited Japanese investors to join the Dawei Deep Sea Port project in Myanmar, while Japanese businesses have expressed an interest in bidding for satellite and high-speed rail projects in Thailand, the PM's secretar


Suranand Vejjajiva said Yingluck met her Japanese counterpart, Shinzo Abe, on Wednesday and discussed bilateral business cooperation.
Suranand said Yingluck presented details of the modules of the water-management and flood-prevention scheme, the Bt2-trilllion transport infrastructure projects and the Dawei Deep Sea Port and Special Economic Zone project to potential Japanese investors.
She also presented preliminary information on the projects to the Japanese prime minister so that his government could consider supporting the developments.
Suranand said Yingluck asked Japan to play a leading role in developing the Dawei port and economic zone by investing in basic infrastructure. She informed Abe that the port and industrial zone would benefit Japan’s investments in the region, as the port would be a link in routes connecting Myanmar with Pacific countries.
The PM’s secretary-general said Japanese investors also expressed interest in new satellite projects and high-speed trains in Thailand.
Yingluck explained to Japanese officials that the Thai government was studying details of new satellite projects. She said the Thai government wanted Japan to invest in high-speed train projects, to which Bangkok attached a lot of importance.
Yingluck told the Japanese prime minister that she was happy that the peoples of the two countries were travelling to each other’s countries in ever-increasing numbers and that the two countries had improved ties at all levels.
Yingluck also expressed her admiration for JENESYS 2.0, a new initiative in partnership with the Japanese government. She thanked the Abe for attaching importance to supporting the exchange of cultures among Asean youths and for taking measures to stimulate Japan’s economy, which would benefit the entire region.