PROJECT

Projects

Summary of Investment Information

Project Number

37126

Company Name

MYANMA ANNAWA SWAN:A: SHIN GROUP (S) COMPANY LIMITED

Date SPI Disclosed

Jan 28, 2016

Country

Myanmar

Region

East Asia and the Pacific

Projected Board Date

Feb 29, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Mar 18, 2016
Signed : Apr 18, 2016
Invested : Jun 7, 2016

Sector

Port and Harbor Operations

Project Description

Myanma Annwa Swan A Shin Group (S) Co. Ltd. (“MAS” or the Company) operates Myanmar Industrial Port (“MIP”), a leading container terminal in Yangon, Myanmar. The Company has been operating for twelve years, handled 278,000 twenty-foot equivalent units (“TEUs”) in the fiscal year ended March 2015 and commands a 40+% market share. IFC is considering a financing package to support the completion of the Company’s Phase 1 capital expenditures and to refinance the Company’s existing, short-term bridge loans (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation