CURRENT AFFAIRS

Detailed explanation-1: -In April 2017, the Sittwe port and IWT Paletwa jetty were ready and operational. In April 2017, India handed over the operation of completed Sittwe port and Inland Water Terminal at Paletwa to Myanmar.

Detailed explanation-2: -The Sittwe port, which will connect Paletwa town in Myanmar’s Chin state to Mizoram, is developed and ready for operation.

Detailed explanation-3: -The Kaladan Multi Modal Transit Transport Project was jointly identified by India and Myanmar to create a multi-modal mode of transport for shipment of cargo from the eastern ports of India to Myanmar as well as to the North-Eastern part of India through Myanmar.

Detailed explanation-4: -The project was first proposed by the ministry of external affairs (MEA) in 2008 and work began in 2010 – with an initial deadline of 2014. Its been over two decades and a six times cost escalation (Rs 535 crore to Rs 3200 crore), and the project is yet not complete.

Detailed explanation-5: -The Indian and Myanmar governments signed the Kaladan multimodal project agreement in 2008. The construction started in 2010, with a deadline of 2014.