Plans have been submitted by the Yangon Region Government to establish a new multi-purpose terminal in the region.
According to government-owned newspaper Global New Light of Myanmar the terminal in the southern Yangon region would increase foreign currency earnings and facilitate exports and imports.
The plans detail that the terminal would be developed on 1,053 acres of land with a 2.2km waterfront.
The facility will also have a bulk liquid storage terminal to allow for the import of fuel oil, according to U Zaw Aye Maung, Yangon region minister for Rakhine ethnic affairs at Yangon region parliament.
It would also facilitate the export of rice and pulses. Royal Haskoning Company and Surbana Jurong Company have completed a feasibility study.