During 31 years, the total FDI inflow into the transport and communications sector reached nearly 11 billion US dollars, standing at 4th place among 12 economic sectors, according to the figures released by the Directorate of Investment and Company Administration (DICA).
From 1988-89 till 30 September, 2019, the total FDI by 60 companies in the transport and communications sector amounted to 10.908 billion US dollars. It accounts for 13.32 per cent of total foreign investments.
Oil and gas sector topped the list of FDI with over 22 billion USD (over 27 %), followed by the energy sector with over 21 billion USD (over 25 %), the production sector with over 11 billion USD (over 14 %).
During 31 years, the total FDI including investments in Thilawa Special Economic Zone, reached 83.736 billion US dollars.
Sixty per cent of railroads and highways have low quality. Myanmar can lower current transportation costs to 30 per cent when the government repairs them spending around 60 billion US dollars. The GDP will increase by 13 per cent, according to Myanmar-Korea Investment Promotion Seminar held in February, 2018.
