InfraV-SMP (IFC-36726)

Countries
  • Myanmar
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
MANDALAY MYOTHA INDUSTRIAL DEVELOPMENT PUBLIC COMPNAY LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 3.85 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 12, 2017

Disclosed by Bank Sep 22, 2017


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Project Description
Semeikhon river port project, located at the east bank of Ayeyarwady River, Mandalay Region, is a co-development with Mandalay Myotha Industrial Development Public Co. Ltd. (MMID), to be executed in phases to allow for traffic build-up over time. In Phase 1, IFC InfraVentures is expected to contribute up to US$3.85 million towards development of the port, which consists of one floating berth, and barges and cranes to handle 200,000 tons of general cargo, containers and roll on-roll off cargos. Upon its completion, the project will support Mandalay’s economic growth by facilitating trade in the region, as it would be the first of its kind, a modern inland water port to bolster Myanmar’s water transport sector.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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