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Myanmar container yard backed by Japan nears opening

New logistics hub near Yangon will handle rising volumes in country

The container terminal, whose completion was celebrated Dec. 14, will serve soaring shipping volumes in Myanmar. (Photo by Yuichi Nitta)

YANGON -- A container terminal built just outside of Myanmar's largest city with aid from Japan is slated to open as early as March, after its completion was celebrated Friday.

Japanese logistics company Kamigumi will operate the 25.7 billion yen ($227 million) facility near Yangon owned by Myanma Port Authority, a state agency. Yen loans offered as development aid from Japan funded 90% of the project.

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