Thailand Cancels $30 Billion Land Bridge Project Due to Financial Concerns

Thailand's government has decided to cancel a big project to build a land bridge. The project was expected to cost about $30 billion.

A new study found that the project would not make money, but would actually cause a loss.

The land bridge was planned to be 100 km long and would have helped ships travel faster between the Indian and Pacific oceans.

Part of the project was going to be built in Chumphon province, Thailand.

In April, a government official said the project would be sped up.

The latest study showed that the project's expected return on investment had decreased, and the amount of cargo was also expected to be lower.

Many big shipping companies have already invested in other projects, so they are not interested in this land bridge.

The project involved building seaports and connecting them with roads and railways.

There were also concerns about the project's impact on the environment, including forests and marine life.

Instead of the land bridge, the government will upgrade an existing port and improve rail links.

The government will now review the recommendation and make a final decision.

The minister said that the project taught a lesson about carefully considering a country's priorities before starting big infrastructure projects.

COPYRIGHT DISCLAIMERS

4English does not own the rights to this content. All rights belong to the owner. 4English only uses this content to help users learn English via the app's features. Contact to request the removal of your content: contact@4englishapp.com.

Practice Listening

Practice Listening