ASEAN KEY DESTINATIONS
New trade route from Myanmar
The Acmecs or the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy is a cooperation framework covering Cambodia, Laos, Myanmar, Thailand and Vietnam.
The South-South Economic Corridor would also complement the Bt200-billion railroad project with proposed financing by China from Nong Khai in the northeast of Thailand, through Bangkok and the south of Thailand to Padang Besar in Malaysia. It would be an extension of the railroad to be built in Laos to connect the south of China.
This would be a new gateway following the East-West Economic Corridor, linking Myanmar to Vietnam via Thailand and Laos, and the North-South Economic Corridor, connecting Kunming in the south of China to the south of Thailand.
Italian-Thai Development, Thailand's largest construction company, on November 2 signed the framework agreement with the Myanmar Port Authority to develop the Tavoy Deep Sea Port, industrial estate and road link to Thailand. The total project value is US$8.6 billion, or about Bt260 billion.
The project will be located in Tavoy, about 160 kilometres west of Kanchanaburi or 300 kilometres west of Bangkok. The deep-sea port will be 10 times larger than Laem Chabang Port in Chon Buri, which can handle up to 7.5 million 20-feet containers a year.
The contractor aims for the project to become a logistics and trading hub for the region that links Southeast Asia and the South China Sea via the Andaman Sea, to the India Ocean.
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