Essar Projects (India) has signed a contract worth Rs 342 crore with the Union Ministry of External Affairs, to execute port and inland water transport components of the Kaladan Multi Modal Transit Transport project to be executed in Myanmar.

The contract involves the construction of two jetties at Sittwe and Paletwa in Myanmar, dredging and construction of cargo barges etc. to facilitate cargo movement along the river Kaladan within 36 months.

The project is being executed by the Union Government under a Framework Agreement between the two countries to ease the movement of goods from mainland India to the North-Eastern states of India.

The multimodal transit transport project has a component of a 120-km road, also to be constructed in Myanmar from the river terminal to the Indo-Myanmar border. The construction of the road is likely to be taken up under a separate contract.

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