It should also enhance investment to modernise the agriculture-related sector in the upper and central southern regions (Ranong, Chumphon, Surat Thani, and Nakhon Si Thammarat provinces), including the rubber industry, modernised agricultural processing, and the future food industry. Other industries expected to benefit from the new trade route include the alternative energy sector, such as wind energy.
However, the Land Bridge project faces competition from Malaysia’s East Coast Rail Link (ECRL).
As such, it is important to attract investors by ensuring good connections between China’s maritime routes and Thailand’s Chumphon port. Thailand must be able to guarantee that Chumphon port’s potential matches that of Malaysia’s Port Klang. Otherwise, shipping businesses may continue using Malaysia’s services.
Other incentives are also needed to attract investors since merely…
