KLN (Singapore) Pte Ltd, a subsidiary of the third-party logistics service provider, has been awarded a concession to operate inland ports in Yangon and Mandalay.
The government of Myanmar has selected Kerry Logistics Network Limited to operate two inland ports near major commercial cities, according to a statement from the company.
Myanmar awarded a concession to operate inland ports in Yangon and Mandalay to KLN (Singapore) Pte Ltd, a subsidiary of the third-party logistics service provider.
Kerry Logistics said the ports will serve as container and general cargo terminals with domestic rail links in and out of the ports of Yangon and Thilawa, as well as hubs for cross-border cargoes from neighboring countries like China and Thailand.
The company will work in close cooperation with the Ministry of Rail Transportation of Myanmar to strengthen the country’s rail transportation capabilities and expand its network both domestically and within Southeast Asia. The partnership is expected to create around 400 jobs.
“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,” Kerry Logistics Chairman George Yeo said of the concession. “Railway transportation is an essential backbone in support 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,” he added. “The inland ports in Yangon and Mandalay form a vital part in pursuing such an integration.”
Myanmar selects Kerry Logistics to operate inland ports
