The Sponsor of the Project is KLN Singapore. The project company, KMTL, is wholly owned by KLN Singapore which is a subsidiary of KLN.                                                 

        The Project cost is approximately USD45 million. The proposed IFC investment is an A-loan of up to USD15 million to part finance the construction of the Yangon dry port.                                           

The key environmental and social (E&S) risks and impacts due to construction and operation of the proposed Dry Port include: physical resettlement of 17 informal settler households and economic displacement of four farmer households; emissions to air, water and land; management of hazardous materials, and hazardous and other wastes; construction worker living condition; construction workers and employees working conditions including occupational health and safety; community health, safety and security among other aspects due to increase in traffic during construction and operation; and adequacy of systems in place to manage these risks and impacts. Accordingly, this is a Category B project as the environmental and social risks and impacts that may result are limited in number and scale, and can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. Further, it is possible to readily design and implement engineering and management measures to mitigate the limited adverse impact. The company will implement an appropriate E&S management system to mitigate and manage the E&S risks and impacts in accordance with IFC Performance Standards at the Dry Port.