Economic Reasons that Thai Canal Will Eventually be Built
An alternative shorter route is to build a canal at Kra Isthmus, Thailand. It will save shipment costs and time as the route is shortened by 1,000 km. In March 2014, China’s Daily reported that LiuGong Machinery Co. Ltd and XCMG, and private Sany Heavy Industry Co Ltd were beginning preparations on the Kra Isthmus Canal but this was then denied by the companies.
Economically it seems likely that the Thai canal project will get started at some point in the five to ten years.
China trade with ASEAN is nearing $500 billion per year.
In 2011 dollars, the Thai Canal could hypothetically reduce annual oil shipping costs by $49 billion if the entire traffic of the competing straight were diverted, disregarding canal fees and the return trip costs of the empty tanker.
Source: http://nextbigfuture.com/2014/10/economic-reasons-that-thai-canal-will.html
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