Thailand Plans Global Bidding for $29 Billion Landbridge Project to Help Bypass Malacca Strait
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Thailand plans to hold an international competitive bidding for a 1 trillion baht ($29 billion) project that seeks to significantly cut shipping times between the Indian and Pacific oceans by bypassing the Malacca Strait.
A 50-year concession will be granted to the winning consortium that may comprise shippers, logistics operators, port managers, property developers and industrial investors, Thailand’s Transport Minister Suriya Juangroongruangkit told Japanese investors in Tokyo on Monday.