AIIB keen on Land Bridge investment
“The Asian Infrastructure Investment Bank (AIIB) has expressed interest in investing in Thailand’s Land Bridge project, describing it as beneficial for both Southeast Asia and East Asia, according to Deputy Finance Minister Julapun Amornvivat.”
“The project is expected to involve an investment of around 1 trillion baht, including the construction of deep-sea ports in Chumphon and Ranong, along with a motorway and double-track railway connecting the Gulf of Thailand to the Andaman Sea. On completion, the project could cut the voyage duration for ships navigating through the Strait of Malacca by four days.”
“Given Thailand’s geographic advantage in terms of logistics, the country should leverage its position as a gateway for Chinese exports to the Andaman coast via the government’s Land Bridge project, said Mr Pichai.”
https://www.bangkokpost.com/business/general/3036945/aiib-keen-on-land-bridge-investment