land bridge project
- Thailand News
SEC bill to launch 1-trillion-baht Land Bridge project by 2026
The draft of the Southern Economic Corridor (SEC) bill is on track to be submitted to the Cabinet by the end of September, aiming to kickstart the 1-trillion-baht Land Bridge megaproject in 2026, Transport Minister Suriya Jungrungreangkit announced yesterday. The blueprint for the project is currently being adjusted to align with the expectations of foreign investors and locals. These adjustments…
- Business News
DP World eyes investment in Thailand’s 1 trillion baht Land Bridge
Dubai-based logistics giant DP World has expressed interest in investing in Thailand’s ambitious 1-trillion-baht Land Bridge project, as confirmed by the Ministry of Transport. Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, will meet with Prime Minister Srettha Thavisin tomorrow, June 21, to discuss potential collaboration on the project. DP World is renowned as the world’s third-largest…
- Thailand News
Thailand’s Pacific-to-Indian Ocean Land Bridge project
Thailand’s anticipated land bridge project, aiming to connect the Pacific and Indian Oceans, is set to become reality, with bidding anticipated by late next year, the Transport Ministry confirmed. The colossal 1-trillion-baht project will construct deep-sea ports in Chumphon on the Gulf of Thailand and Ranong on the Andaman coast, linked by a state-of-the-art transport route. This ambitious infrastructure aims…
- Thailand News
PM Srettha’s Milan move: F1 races, and airport overhauls
Thailand Prime Minister Srettha Thavisin met with Intesa Sanpaolo, a leading international financial institution in Milan to discuss funding for Thailand’s Land Bridge project. The bank is aware of the Thai government’s plans to expand Suvarnabhumi, Phuket, and Chiang Mai airports and showed keen interest, hinting at future detailed discussions. The prime minister also revealed that Intesa Sanpaolo is enthusiastic…
- Thailand News
Trillion-baht gamble: Deputy minister defends Land Bridge project
In a heated defence yesterday, Deputy Transport Minister Manaporn Charoensri championed the government’s ambitious 1-trillion-baht Land Bridge project, which she claims has sparked considerable interest from foreign investors. Her statement came in response to sharp criticisms from former Democrat leader Samart Ratchapolsitte, who cast doubt on the project’s cost-effectiveness and feasibility. Despite his scepticism, Manaporn insists the initiative is attracting…
- Thailand News
Thai minister to push for Land Bridge megaproject in China visit
Suriya Jungrungreangkit, the Thai Transport Minister, is set to lead a delegation to China to explore further developments concerning the Thai-Chinese high-speed railway project and advocate for the 1 trillion baht (US$27 billion) Land Bridge megaproject. The visit, which is scheduled for next month, will involve participation in the 31st Thailand-China joint ministerial committee meeting. A key agenda item is…
- Thailand News
Conservation factions call for review into Land Bridge initiative
A call for a thorough investigation of the government’s Land Bridge initiative has been made by Chumphon and Ranong conservation factions, citing concerns about potential corruption and negative societal impacts. This large-scale project, which has already encountered significant opposition, could lead to locals losing their homes and livelihoods, according to the conservationists. Yesterday, representatives from the Rak Phato Network and…
- Thailand News
Thailand’s State Audit Office to streamline large-scale govt projects
In a recent development, the State Audit Office (SAO) of Thailand announced the inauguration of a new section dedicated solely to auditing large-scale government projects. This new initiative will come into effect from April 1, as per the announcement made by the State Audit Commission in the Royal Gazette last month. The SAO Auditor-General, Prajuck Boonyoung, highlighted the necessity of…
- Business News
Thailand’s Land Bridge project eyed as foreign investment magnet
The Land Bridge project in southern Thailand, a proposal yet to be approved, is being highlighted as a potential boon for foreign investments, akin to the successful Eastern Economic Corridor (EEC). This comparison is drawn by the current government. The EEC, unlike the proposed Land Bridge, is operational and continues to develop, acting as a high-tech industrial hub drawing investments.…
- Thailand News
China’s AIIB shows interest in funding Thailand’s Land Bridge project
Prime Minister Srettha Thavisin revealed that the Asian Infrastructure Investment Bank (AIIB), led by China, has shown interest in funding Thailand’s Land Bridge project. This project, worth a staggering 1 trillion baht, aims to link Ranong with Chumphon in the southern region of Thailand. The goal is not only to establish an efficient logistics network but also to alleviate the persistent…
- Thailand News
Thailand to launch roadshow in China promoting 1 trillion baht Land Bridge project
Thailand’s Transport Ministry, headed by Minister Suriya Jungrungreangkit, announced yesterday that it would be launching a roadshow in China next month to promote the Land Bridge project. This announcement followed a recent visit by Chinese Foreign Affairs Minister Wang Yi, who expressed China’s interest in the project. As a response, the Thai government is preparing to submit a project report…
- Thailand News
Thailand eyes foreign bonds to set private sector rates
Thailand’s Ministry of Finance is poised to issue foreign currency bonds for the first time in 20 years, a move that is not aimed at fundraising but at establishing a benchmark interest rate for the private sector. The announcement was made by Julapun Amornvivat, Deputy Minister of Finance, who stated that the Public Debt Management Office (PDMO) has been tasked…
- Thailand News
Thai land bridge megaproject to include compensation fund
Transport Minister Suriya Jungrungreangkit announced that the appointed contractor for the upcoming southern Land Bridge megaproject will have the responsibility of creating a fund dedicated to compensating those who will be affected by the construction. This move comes following a Cabinet visit to Ranong province, where concerns were raised by locals about potential losses and displacement due to the massive…
- Business News
Thai government insists on land bridge project amidst criticism, seeks international investors
Despite facing criticism, the Thai government remains determined to proceed with its Land Bridge project, inviting foreign investors and prioritising environmental implications, especially in headwater regions. Government spokesperson Chai Wacharonke, addressing a mobile Cabinet meeting in Ranong, confirmed the government’s intent to engage foreign investors post the project’s promotion by Prime Minister Srettha Thavisin at three international events. These included…
- Thailand News
PM Srettha promises to consider opposition’s concerns on Land Bridge megaproject
Prime Minister Srettha Thavisin assured opposition groups that he would take into account their concerns regarding the Land Bridge megaproject. The discussions took place at Suan Sunandha Rajabhat University’s education centre in Ranong, following a mobile Cabinet meeting. The megaproject, valued at 1 trillion baht, is designed to create a logistics network linking Ranong with Chumphon. It consists of a…
- Thailand News
Thai government officials inspect 1-trillion-baht Land Bridge megaproject amid environmental concerns
Prime Minister Srettha Thavisin, Interior Minister Anutin Charnvirakul and Transport Minister Suriya Jungrungreangkit embarked on an official visit to the Andaman region, with Ranong, the site of the 1-trillion-baht Land Bridge megaproject, as their first stop. The project, expected to generate significant benefits across the southern region, is facing criticism due to its potential environmental impact. The officials inspected a…
- Thailand News
PM Srettha to pitch Land Bridge megaproject at WEF
Prime Minister Srettha Thavisin is set to entice foreign investors towards the 1 trillion-baht Land Bridge megaproject during the World Economic Forum (WEF) which starts on Monday and concludes on Friday in Davos, Switzerland. PM Srettha will be accompanied by a team of cabinet ministers including Parnpree Bahiddha-Nukara, the Foreign Affairs Minister, and Transport Minister Suriya Jungrungreangkit, following an invitation…
- Thailand News
Four MFP MPs resign over 1-trillion-baht Land Bridge megaproject
A quartet of MPs from the Move Forward Party (MFP) resigned from a House committee that was examining the 1-trillion-baht Land Bridge megaproject. Their reason for stepping down was their refusal to passively approve a venture they fundamentally disagreed with. MFP MP Julapong Yukate reported that the committee’s final meeting was held yesterday, where they were supposed to endorse a…
- Thailand News
House committee to inspect Land Bridge project impact on local
An investigative committee from the House is set to make a field visit to Chumphon and Ranong, the designated development areas for the much-anticipated Land Bridge megaproject. The committee’s objective is to garner insights into the project’s potential repercussions on local communities, according to an anonymous source. Presided over by Pheu Thai MP for Phayao, Wisut Chainaroon, the committee has…
- Thailand News
Thai government plans 50-year concession for Land Bridge megaproject
The Thai government is contemplating a 50-year concession for the successful bidder of the Land Bridge megaproject, a venture worth one trillion baht and projected to break even within 24 years. This was revealed by Transport Minister Suriya Jungrungreangkit during the Thailand Landbridge Roadshow event in Tokyo, Japan, where he and Prime Minister Srettha Thavisin sought to attract Japanese investors.…
- Business News
Thailand seeks 1 trillion baht investment for southern land bridge
The Office of Transport and Traffic Policy and Planning is organising a roadshow targeting foreign investors for the upcoming southern land bridge megaproject. Scheduled to kick off next month, the roadshow will span 10 countries, including notable names in the logistics and maritime shipping sectors, such as China, Japan, France, and Taiwan. The intelligence gathered from this event will be…
- Thailand News
Motorway project linking Nonthaburi and Ayutthaya set for 2029
The Department of Highways (DoH) in Thailand is gearing up to construct a new 34.1 kilometre motorway project, linking Bang Bua Thong in Nonthaburi and Bang Pa-in in Ayutthaya. The project, with a budget of almost 15 billion baht, is slated to be completed by 2029. DoH’s director-general Sarawut Songsivilai has stated that this motorway is one among 46 projects…
- Business News
Thailand’s mega land bridge project: an economic boon or environmental bane?
The Industry Ministry of Thailand is currently assessing the environmental impact of a proposed land bridge megaproject in the southern part of the country, a venture that promises to significantly bolster the Thai economy in the future. This assessment is crucial to determining the project’s viability and addressing any potential negative effects on the environment. The proposed land bridge, which…
- Thailand News
Thailand’s 1 trillion baht land bridge project seeks foreign investors
Thailand’s Transport Ministry is actively seeking investors for a megaproject, dubbed the land bridge, which aims to connect Chumphon on the Gulf of Thailand’s eastern coastline to Ranong along the Andaman Sea. The mission to attract funds will involve roadshows in China, Europe, and the United States. Suriya Jungrungreangkit, the Transport Minister, shared these updates on the project’s progress in…
