BANGKOK: Thailand plans to hold an international competitive bidding for a one trillion baht (US$29bil) 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 include shippers, logistics operators, port managers, property developers and industrial investors, Thailand’s Transport Minister Suriya Juangroongruangkit told a Japanese investors conference in Tokyo yesterday.
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