Prime Minister Chetha Thavisin Roadshow Thailand Landbridge Roadshow Call Investment Southern Economic Bridge Project The importance of this project in Thailand has been expanded. It is a business opportunity and has immense value.
Inside Asia Its export and import value is over 40 percent, which is higher than Europe's export share of 38 percent. Because it is highly portable and very economical. Mainly freight from Asia to Europe. About 25 percent of the world's container traffic, including oil traffic, passes through the Straits of Malacca. 60 percent of the world's oil exports pass through the Straits of Malacca. This causes seaborne shipping congestion, which is about 70.4 million containers per year. 90 billion ships pass through the Straits of Malacca annually. By 2030, the volume of ships is expected to exceed the capacity of the Straits of Malacca. This will cause problems in transporting goods.
Transporting goods from producing countries in Asia, be it Japan, China, South Korea, is carried by a large vessel and then transferred to a feeder vessel in the port of Malacca. If there is a land bridge, containers will change their mode of transport from the country of manufacture. Transfer to another boat at the land bridge. Shipping costs are saved by 4 percent and up to five days. Products produced in Thailand, Laos, Cambodia, Myanmar and southern China can be containerized directly to the landbridge through Thailand's land transportation program. Save up to 35 percent on shipping costs and save 14 days.
On average Container transport in all directions via landbridge This will reduce travel time by 4 days and reduce costs by 15 percent. About 19.4 million containers are expected to pass through the western port of Landbridge, and another 13.8 million containers are expected to pass through the eastern port, or 23 percent of the total number of containers. Passes through the Straits of Malacca
Additionally, crude oil traffic from the Middle East is 19 million barrels of crude oil per day, of which 56 percent or 10.7 million barrels are transported through the Straits of Malacca. Using the land bridge as a crude oil distribution hub would save at least 6 percent in transportation costs.
Believe it land bridge Help develop the Thai economy and create at least 280,000 jobs. GDP will grow by 5.5 percent or $670 billion per year.
Model investment value Private sector invests in public sector projects (PPP). There is an investment value of up to 1 trillion baht, which should be converted back into the Southern Special Economic Development Zone Act in the details of the project.
The problem is the merit of the investment. It is well known due to its use of the Straits of Malacca Canal and most manufacturing companies have permanent offices in Singapore. It is a shipping hub. Moving your transport platform to use a land bridge service can require serious thought when comparing value for money. The legal issue of joint investment between the government and the private sector is an example of the failure of the high-speed rail project connecting 3 airports. The Thai-Chinese high-speed rail is still unfinished. The land bridge that Malaysia has been working on for years has not succeeded. At the same time, China is giving more importance to a Belt One Road project.
It does not cover the safety and environmental issues that have consequences.
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