India and Myanmar inks crucial MoU for appointment of a private Port Operator for Operation and Maintenance (O&M) of Sittwe Port
The Sittwe Port is a deepwater port at the mouth of the Kaladan River in Sittwe, the capital of Rakhine State in Myanmar. The port was constructed by India in 2016. Recently, it in news because India and Myanmar inked a crucial MoU for the appointment of a private Port Operator for the Operation and Maintenance (O&M) of Sittwe Port, Paletwa Inland Water Terminal and associated facilities included in the Kaladan Multi Model Transit Transport Project (KMMTTP) in implementation of India’s Act East Policy. That pact will boost connectivity and help in creating local job opportunities as the two sides discussed bilateral issues as well as topics of common interest, including developments in the strife-torn Rakhine state. The Sittwe port will connect India’s landlocked north-east region to the Bay of Bengal through Mizoram. It will also provide an alternate route to Kolkata.