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Kerry wins Myanmar ports concession

H.E. U Nyan Htun Aung 4th from the right Union Minister of Ministry of Rail Transportation of Myanmar George Yeo 3rd from the left Chairman of Kerry LogisticsHONG KONG: January 11, 2016. Kerry Logistics subsidiary KLN (Singapore) Pte Ltd has been awarded a concession by Myanma Railways to operate inland ports in Yangon and Mandalay, two major commercial cities in Myanmar.

The company said the two facilities will serve as container and cargo terminals linked by railway to major routes in the country; as hubs for exporters, importers and domestic logistics service providers of cargoes in and out of Yangon and Thilawa ports; and for cross-border shipments from neighboring countries such as China and Thailand.

Commenting on the concession, George Yeo, chairman of Kerry Logistics said: “We would like to thank the Ministry of Rail Transportation of Myanmar for its trust in us, and are pleased to be offered the opportunity to contribute our expertise in terminal logistics operations to benefit the development of Myanmar."

Yeo, (pictured third from the left with U Nyan Htun Aung, Myanmar Union Minister of Transport, fourth from the right), said rail is an essential part of Myanmar’s economic development, both within the country and with nearby regions.

“Given Kerry Logistics’ presence in ASEAN, our goal is to further strengthen the linkage among countries in the region and seek accelerated growth by developing an integrated Greater Mekong Region platform covering Thailand, Cambodia, Myanmar and Laos. The inland ports in Yangon and Mandalay form a vital part in pursuing such an integration,” he explained.

The new concession is expected to create 400 jobs and facilitate industry knowledge transfer, the company added.

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