Thailand to introduce a $28 billion landbridge project to enhance shipping efficiency between the Indian and Pacific Oceans, aiming to bypass the Melaka Strait. Anticipated to reduce travel time by four days and lower shipping costs by 15%, Prime Minister Srettha Thavisin highlights the initiative’s significance in ensuring smooth goods flow, considering projected traffic volumes exceeding the Melaka Strait’s capacity by 2030.
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Thailand Plans
The 100km landbridge, featuring seaports on Thailand’s southern peninsula and connected by robust highway and rail networks, is expected to be a cost-effective, faster, and safer route. Completion is scheduled for 2030, promising job creation and a boost to Thailand’s economic growth.
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