BANGKOK : Thailand is assessing a massive land bridge project in the country’s south, Prime Minister Srettha Thavisin said on Tuesday, involving estimated investments worth 1 trillion baht ($27.44 billion) which would help boost growth and global trade.
Bidding and construction would begin in 2025, and create 280,000 jobs in the southern provinces of Ranong and Chumpon, a government study showed, with the state-planning agency estimating the project could raise economic growth to 5.5 per cent annually. Thailand’s economy is forecast to grow 2.8 per cent this year and 4.4 per cent next year.
“It will be an important connector for logistics for transporting goods between India, the Middle East and Africa,” he told reporters during a visit to Beijing to attend the Belt and Road Forum.
Thailand’s new government, which came into power in August, is assessing the ambitious project, that…
