Japan, Prime Minister confirms Land Bridge project. Don't compete with neighbors' businesses. Due to congestion of the Malacca Strait Delayed transportation

At 2:30 p.m. (Japan local time) which is 2 hours faster than Thailand) on December 16, in front of the Imperial Palace courtyard, Mr. Settha Thavisin, Prime Minister and Minister of Finance Gave an interview about the progress of the Land Bridge project, saying that on December 15th, Talked with more than 500 Japanese investors at a seminar organized by the Board of Investment (BOI). From now on, BOI, Ministry of Transport Must follow up on such matters with investors. And in this matter, companies in ASEAN such as from Indonesia are also interested. Before traveling to Japan, a large group of private individuals met them. They expressed great interest in investing as well. which must be discussed because of the benefits of this region It depends on the Land Bridge project as well.

As for talking with Japanese investors about the Land Bridge project on December 18th, what will we present? The Prime Minister said that we will tell them our intentions for implementing the project. Because of the volume of goods transported through the Malacca Strait, such as oil, of which 60% of the world uses this channel for transportation, the Malacca Strait is congested and accidents may occur. and causing delays in transportation, costs may increase. Therefore, when we create the Land Bridge project It's not a competition for business. Because it will take approximately 10 years for this to be completed, the volume of maritime trade around the world will increase. Our neighbors, both Malaysia and Singapore, will be affected in this matter and it is expected that this income will disappear. Because of the preliminary survey results, maritime trade will increase. But if not, it will be a problem. and the Malacca Strait is currently dense. If we can build the Land Bridge project, it will help the transportation of the whole world.

Source: Thai News Agency