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Thai exporters to benefit from China rail link
12
Apr '16
Courtesy: china-railway.com
Courtesy: china-railway.com
A rail network connecting China and Thailand now under construction, is set to benefit Thailand by cutting transportation time for Thailand's export products.

Under China's Belt and Road Initiative, China and Thailand in late 2015 launched an 845-km railway project linking the Thai capital Bangkok with the northeastern city of Nong Khai near Laos, part of a Pan-Asia railway network. The project will be connected to the China-Laos railway which connects Laos with the vast railway system in China.

Once the China-Thailand rail link is completed, it will reduce transport time from 3 to 5 days by road and sea, to just 18 hours. Freight cost is set be lowered to about one third of that of road or sea transport, Xinhua has reported.

Many Asian business people are placing high hopes on the Belt and Road Initiative, which seeks to strengthen ties with countries in central and south Asia, the Middle East and east Europe through infrastructure and communication links.

The initiative ranked first among mechanisms that power Asia's trade and investment, according to a report released at the ongoing Boao Forum in south China's Hainan province. (SH)

Fibre2Fashion News Desk – India

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