History
The modern era of the Port of Yangon began in 1880 with the Commissioners for the Port of Rangoon. In 1954, the Board of Management for the Port of Rangoon was established, and then in 1972 the Burma Ports Corporation. The MPA was founded in 1989 to replace the Burma Ports Corporation. In March 2011, MPA began collaborating with a Chinese firm, CCCC TDC Tianjin Dredging, to begin dredging the Port of Yangon, to increase the size of vessels that can dock at the port (to 35,000 tons deadweight, up from the current capacity of 15,000).
MPA has been involved in contracts to develop Myanmar's Special Economic Zones, including a USD $8.6 billion deal to develop a deep sea port at Dawei, by Italian-Thai Development.
There have been reports that ports run by the MPA will be privatised. The country's largest port, Thilawa Port, is currently operated by a Hong Kong-based firm, while another in Ahlone Township is run by Asia World.
On 17 March 2012, Japanese firm MOL, began a twice-weekly container service between the Port of Yangon and Singapore.
Read more about this topic: Myanmar Port Authority
Famous quotes containing the word history:
“Boys forget what their country means by just reading “the land of the free” in history books. Then they get to be men, they forget even more. Liberty’s too precious a thing to be buried in books.”
—Sidney Buchman (1902–1975)
“This is the greatest week in the history of the world since the Creation, because as a result of what happened in this week, the world is bigger, infinitely.”
—Richard M. Nixon (1913–1995)
“There is a history in all men’s lives,
Figuring the natures of the times deceased,
The which observed, a man may prophesy,
With a near aim, of the main chance of things
As yet not come to life.”
—William Shakespeare (1564–1616)