Hong Kong-based logistics service provider Kerry Logistics Network Limited’s subsidiary, KLN (Singapore) has got concession to operate inland ports in Yangon and Mandalay. The award ceremony organized by the state-owned Myanma Railways under the Ministry of Rail Transportation was held at the Sule Shangri-la Hotel, Yangon
Myanmar government is currently improving the railway transportation and promoting mass cargo transportation in order to seize new opportunities for cross-border trade upon entering the ASEAN Economic Community. By linking railways to major trade routes, the inland ports will serve as container and cargo terminals and as hubs for the exporters, importers, domestic logistics service providers.
George Yeo, Chairman of Kerry Logistics said, “ We would like to thank the Ministry of Rail Transportation of Myanmar for its trust in us and are pleased to be provided with the opportunity to contribute our expertise in terminal logistics operations. Railway transportation is an essential backbone in support of Myanmar’s economic development, both within the country and with nearby regions. Our goal is to further strengthen the linkage among countries in the region and seek accelerated growth by developing an integrated Greater Mekong Region platform covering Thailand, Cambodia, Myanmar and Laos. The inland ports in Yangon and Mandalay will be a vital part in pursuing such integration. Kerry will work closely with the Ministry to strengthen the country’s rail transportation capabilities and expand its network both domestically and within Southeast Asia”
This partnership is expected to create 400 jobs and facilitate industry expertise sharing in the country. Hong Kong Firm Received Concession to Operate Inland Ports Kerry Logistics Network is a listed company engaged in third party logistics, freight services, warehouse operations and supply chain solutions. It was listed in Hong Kong on December 19, 2013, rising over $280m, as a spin-off from Kerry Properties. Kerry Logistics Network is headquartered in Hong Kong.
