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Chinese firms defend unpopular mega projects

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July 6
8:10 AM 2013

In a press conference held in Rangoon, Myanmar yesterday, the Embassy of China and several representatives of Chinese state-owned companies issued a statement regarding the mega projects being developed in the country. Recently, controversies sparked due to the magnitude of these ongoing projects.

China Power Investment Corporation partnered with the Myanmar Wanbao Mining Copper Ltd to arrange this media event. The conference gave locals and media to ask questions regarding the said mega projects.

The speakers gave their explanation on the issue, stating several benefits to the Burmese economy. Polls show that two projects, CPI's Myitstone Dam and Wanbao Mining Copper Ltd's Letpadaung copper mine, are highly unpopular to the locals.

The projects are located in Kachin State and Sagaing Division.

"The current Chinese investments in Burma are very important investments for the two countries, these are very beneficial for the development of the countries," said a counselor. "After the commission report came out, it already mentioned that this project will have long term benefits for the country and people. So, the question is, I think... how we can do the project in a better, or the best-possible way?" he questioned.

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