Kachin State Government and Deputy Mayor of Paung San Province of the Republic of China signed a memorandum of understanding to build Myitkyina Economic Development Zone on 8th May.
Kachin State Minister for Ministry of Finance, Revenue, Planning and Economic Development, Deputy Mayor of Paungsan Province and Managing Director from Hein Rong Chinese Investment Company have signed MOU. Responsible officials from both Myanmar and China sides discuss to continue to sign MOA, JVA and so on. The Myitkyina economic development zone project will be developed on 4,751 acres of land in Nankyin Villages. The projected value of investment is around USD 273.44 million. Project Implementation will be started from June 2018.

Source: Daily Eleven

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