India-Myanmar Kaladan Multimodal Transportation (KMMT) project is essentially a multi-modal transport project having three different stretches involving shipping, Inland Water and road transport stretches. The longest among them is shipping segment from Kolkata to Sittwe port in Myanmar.

As part of the joint Myanmar-India Kaladan Multimodal Transportation Project, India handed over at the Sittwe Port in Myanmar’s western Rakhine state, the six cargo vessels, worth 81.29 million U.S. dollars over the past two days, are in readiness to transport goods and passengers along the river.

Dredging will be underway for the heavy vessels to embark at the port which will accommodate goods from Rakhine and other states at the end of this year.

The 45-meter-long and 9.5 meter-wide vessels, each having a cargo capacity of 300 tons, were built at Dala, Dagon Seikkan and Dawbon dockyards in Yangon.

Meanwhile, two industrial zones will also be built in Haka and Paletwa in Chin state next year by the Chin state government as part of the Kaladan project.

The 480-million-U.S. dollar Kaladan project is being implemented in three phases with the first phase including construction of Sittway Deep Seaport and Paletwa Jetty, dredging the Kaladan waterway and construction of six vessels.

While the second phase covers construction of 109 km-long road to link Paletwa with the border region and the third phase comprises construction of a 60-km highway between Laungtalai, India’s Mizoram State and Myanmar’s Chin state.

According to officials, the completion of waterway and highway project passing through Myanmar’s Rakhine and Chin states would help support better transport and trade between the regional countries.

According to official statistics, India’s investment in Myanmar amounted to 739.705 million U.S. dollars.

Myanmar and India has signed the contract on Kaladan Multimodal Transportation Project in 2008. In October 2015, the Union Cabinet has approved the Revised Cost Estimate (RCE) of Rs.2904 Crores for Kaladan Multi Modal Transit Transport project. The completion of KMMT project will play a major role in economic development of the North-East India and it will improve the bilateral relations between India and Myanmar.

In addition to the existing border trade zones operational in Tamu and Reed, the two countries has agreed to explore opening of two border trade points at Pangkhuwa and Zoninpuri.

India’s trade with Myanmar grew by 6 percent from USD 2.05 billion in 2015 -16 to USD 2.18 billion in 2016-17.

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