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BMI View: On the whole we hold a positive view on the freight transport sectors of Cambodia, Laos and
Myanmar, projecting robust growth rates across the three countries' freight modes of air, road and rail.
Growth will be driven by strong macroeconomic development and increasing levels of trade and
cooperation on linkages between them and their neighbours. Increasing levels of manufacturing and rising
household spending power will bolster the transport of containerised goods as both imports and exports.
Nevertheless, it should be noted that growth in air and rail freight in particular is coming from a low base,
and significant levels of investment are needed in freight transport infrastructure if Cambodia, Laos and
Myanmar are going to achieve their potential.
? The outperforming air and road freight modes in y-o-y tonnage terms are both set to be in Myanmar in
2016, while Laos will register the highest annual increase in inland waterways out of the three countries.
? We also expect to see solid growth at the major ports of Myanmar and Cambodia, in terms of both gross
tonnage throughput and box handling. Laos, on the other hand, is a landlocked state and will never be
able to develop its own maritime freight sector, though it can use the Mekong River to reach inland and
sea ports along its waters, particularly those in Vietnam and Thailand.
? The outperformer in terms of total trade real growth in 2016 among the three countries is poised to be
Cambodia with double-digit gains forecast.