According to The Diplomat’s article “Thailand’s Kra Canal: China’s Way Around the Malacca Strait” on April 6, the 200-year-old dream about the canal might finally become a reality under China’s Belt and Road.
The article says, “Most recently, the Thai-Chinese Cultural and Economic Association and the European Association for Business and Commerce participated in a conference on the Kra Canal in Bangkok in September 2017 and a follow-up event on February 1, 2018, signaling a greater interest in executing the project.”
China is reportedly willing to provide the approximately $28 billion fund and technological support to Thailand for the canal and Thai government is trying to attract other international funding from Japan, South Korea, India, and ASEAN countries.
According to the article, China regards the canal as part of its Belt and Road project in its 21st century maritime Silk Road for connection to the Middle East and Europe through the ports.
It is also investing in Sri Lanka and Pakistan, and it is very likely that the canal may become a reality. In fact, the canal will also benefit Japan, South Korea, India, and ASEAN countries so the project may become quite popular.
Comment by Chan Kai Yee based on The Diplomat’s article.
Categories: Trade & Investment