Myanma Annwa Swan A Shin Group (S) Co. Ltd. (“MAS” or the Company) operates Myanmar Industrial Port (“MIP”), a leading container terminal in Yangon, Myanmar. The Company has been operating for twelve years, handled 278,000 twenty-foot equivalent units (“TEUs”) in the fiscal year ended March 2015 and commands a 40+% market share. IFC is considering a financing package to support the completion of the Company’s Phase 1 capital expenditures and to refinance the Company’s existing, short-term bridge loans (the “Project”).
The Company is owned by Captain U Ko Ko Htoo (50%), his wife Daw Sandar Aung (40%) and their son U Min Thiha Htoo (10%). Captain Ko Ko Htoo is a Myanmar national with over 15 years of international shipping experience which he has used to develop and operate MIP since its origins in 2003.
Myanmar Industrial Port
No. 7/2 (B), Strand Road
Ahlone Township, Yangon, Myanmar
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/