The transportation minister anticipates that the emphasis will be on superior connectivity between Thailand and Malaysia.
PUBLISHED: 4 Jul 2024 at 21: 21
According to Transport Minister Suriya Jungrungreangkit, DP World, a global supply chain and logistics leader with roots in Dubai, is expected to present to the state a plan to create logistics systems that will contribute to the development of Thailand’s local transportation hub.
He made the remarks on Thursday following a meeting between Prime Minister Srettha Thavisin and DP World’s group chairman and CEO, Sultan Ahmed al Sulayem, on Wednesday, at Government House to talk about possible investment opportunities.
Mr Suriya said Thailand’s physical spot connecting the Indian and Pacific oceans, combined with the company’s skills, would be a great benefit to the government’s shipping growth.
Within three or four months, the secretary predicted that DP World will release a plan to improve communication between Malaysia and Laos and China via Bangkok.
When asked if the business was interested in funding the 1 trillion-baht Land Bridge venture, he responded,” DP World is eager to help Thailand improve its capabilities because the nation has a physical advantage. The Land Bridge may be part of DP World’s bigger job”.
Founded in 2005, DP World handles 70 million container units, brought in by around 70, 000 ships per year, accounting for 10 % of global container traffic. It operates 82 ships in 40 countries and employs 111, 000 people in 75 countries in all. In Asia Pacific, it employs more than 7, 000 staff and operates ships and terminals in 19 areas.
Given its size and potential effect, the southern Land Bridge is still a contentious job.
Sriyada Palimanpan, a Pheu Thai MP, was asked on Thursday in the House of Representatives what steps the government would take to lessen the impact of the task on local people.
In reply, Deputy Transport Minister Manaporn Charoensri claimed that local people who had been affected by any property confiscation may be required to establish a bank.
The initiative aims to connect Ranong by the Andaman Sea to Chumphon state in the Gulf of Thailand.
A deep-water port, a rail system, and a motorway to connect the two regions by land and sea will be part of the plan to build a logistics network.