PUBLISHED: 3 November 2023 at 4:00 p.m.
Suriya Jungrungreangkit, the minister of transportation, intends to hold a number of roadshows beginning on November 11 and 17 at the Asia-Pacific Economic Cooperation ( APEC ) meetings in the US to entice foreign investors for the nation’s land bridge project.
The 1 trillion baht mega-project, which has already been approved in principle by the government, may link Chumphon on the southeast coast of the Gulf of Thailand with Ranong in the Andaman Sea.
According to Mr. Suriya, the Ministry of Transport intends to hold a number of similar events in different nations until the end of the first quarter of 2025. The second show may be held at small communities on transportation assistance.
The land bridge project, which was started by the previous administration, is an essential component of the government’s Southern Economic Corridor( SEC ) program, whose implementation necessitates the passage of a new law that is being drafted and is anticipated to be passed by December 2024, according to him.
Between April and June 2025, curious owners should be able to send requests for the right to participate. By August 2025, the state is anticipated to have chosen the play success.
According to Mr. Suriya, work on the land gate, which is anticipated to take five years, may start in September 2025 and ending in October 2030.
A new harbour on the Chumphon area will be built with about 300 billion of the 1 trillion baht needed to build the property gate, while an additional 330 billion is used for a slot on another side, he said.
According to him, an additional 140 billion ringgit did been spent on building a cargo transport system and 220 billion billion on network connecting the two new waterways.
According to Industry Minister Pimphattra Wichaikul, she has given the Industrial Estate Authority of Thailand instructions to expedite research and the creation of rules for the construction of new business estates in regions covered by or close to the SEC system that will support the implementation of both jobs.
According to the rector, for lands will probably be established in Chumphon, Ranong, Surat Thani, and Nakhon Si Thammarat.
According to her, the SEC and land bridge tasks will support growth in three key areas: the agricultural and food, biotechnology, hospitality, and wellness tourism industries.