Yangon – For the second phase of Thilawa Special Economic Zone that covers an area of 2,000 hectares, strategic environment assessment will begin, said Than Than Thwe, joint secretary of the Thilawa SEZ Management Committee.
“We can’t tell when the project will take off. We are now taking surveys. After that, the assessment will soon follow,” said Than Than Thwe.
The management is trying to assess the social and environmental effects of the second phase of Thilawa SEZ up to the international standards.
Currently, the SEZ’s 2,000 hectare area covers six villages and much farmland. The landowners want the SEZ management to compensate them in accordance with the Farmland Law passed in 2012.
“We want the market price for our compensation, just as prescribed in the Farmland Law,” said U Mya Hlaing, a farmer from Alwan Sut village, which is included in the Thilawa SEZ.
Landowners are asking 30 million Kyats for an acre in settlement. The land price set up by the regional government can reach up to 65 million Kyats. Currently, the SEZ’s is developing its 400 hectares as the first phase of development and has attracted global investors from the United States, Japan, and regional countries.
The first phase of Thilawa SEZ was developed together by Japan and Myanmar in November 2013. The SEZ is located on a 2,400 hectare site in Kyauktan Township, 20 kilometers southeast of Yangon. The first phase of Thilawa will be completed in the middle of 2015.