Marine Link
Friday, December 2, 2016

Thai Prime Minister Denies Canal Reports

September 3, 1999

Thai Prime Minister Chuan Leekpai has denied reports the government plans to build a canal across southern Thailand, bypassing the busy Malacca Straits shipping lane, as reported in last week's Maritime Week. He said that while the idea is still being studied, the construction of a canal is not a simple issue and no decision has been made. If the study found it feasible to construct the canal, the country might build it, he said. It is estimated that the project would cost about $21.2 billion and take six years to complete. Proponents of the canal claim it would bring huge economic benefits and could threaten Singapore's position as the region's leading port. They say the Kra canal - so-called because it would cut across the Kra Isthmus, which is Thailand's narrowest point just north of Peninsula Malaysia - would bring jobs and help boost the economy. Abhisit Vejjajiva, minister attached to the prime minister's office who overseas the Thai Board of Investment, played down claims that the project was needed to boost economic growth. "The original idea was that the canal would kick-start the economy after the economic crisis broke out, but now there is no urgent need for that," he said. Abhisit said the canal's potential environmental impact needs thorough examination and there is still not enough solid data about potential investors.


 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News