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Business deals

China and Japan set to reshape shipping in Myanmar

Port and rail plans pick up steam along key corridors

Workers paint a COSCO Shipping container at a container manufacturing company in Lianyungang, Jiangsu Province, China. The China-Myanmar economic corridor has the potential to transform shipping flows in the region.   © Reuters

NAYPYITAW -- China and Japan are forging ahead with independent plans to improve Myanmar's transportation infrastructure, with projects that have the potential to alter the flow of people and goods in the region.

Beijing on Thursday inked a long-awaited deal to build a deep-water port in the town of Kyaukpyu on the Indian Ocean. The port will be a crucial piece of the China-Myanmar economic corridor, which would connect Kyaukpyu and the Chinese border via rail and highways.

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