The Government of Thailand has introduced draft legislation to establish a special economic zone in the southern provinces of Chumphon, Ranong, Suratthani, and Nakhon Si Thammarat, paving the way for the USD29 billion Landbridge project. The initiative aims to connect the Indian and Pacific Oceans via a 100 km transport link, bypassing the congested Malacca Strait.
The proposed law would create a commission, chaired by the prime minister, to oversee logistics, infrastructure, and financing for the project. The government is allowing foreign investors to hold more than 50 per cent ownership in joint ventures. The project, which includes deep-sea ports in Ranong and Chumphon costing THB630 billion, is targeted for completion by 2030.
