Thailand scales back US$30 billion 'land bridge' on commercial viability concerns
Asia-PacificBusinessHigh confidence — 75/100
BANGKOK: Thailand's government said on Friday (Jul 24) it will revise and scale down an ambitious US$30 billion plan to build a coast-to-coast "land bridge" after a review cast doubt on the megaproject's commercial viability.
It will instead pursue the expansion of a port in southern Ranong province and related rail links, the government said in a statement.
The original land bridge proposal envisioned a 1 trillion baht (US$30.45 billion) logistics corridor offering an alternative route to the congested Strait of Malacca.
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BANGKOK: Thailand's government said on Friday (Jul 24) it will revise and scale down an ambitious US$30 billion plan to build a coast-to-coast "land bridge" after a review cast doubt on the megaproject's commercial viability.
It will instead pursue the expansion of a port in southern Ranong province and related rail links, the government said in a statement.
The original land bridge proposal envisioned a 1 trillion baht (US$30.45 billion) logistics corridor offering an alternative route to the congested Strait of Malacca.