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Project Monitor, an Asian infrastructure news website, has commented that "early beneficiaries of the Asian Highway project are the planners within the national land transport department of the participating countries [since] it assists them in planning the most cost-effective and efficient routes to promote domestic and international trade ...
The East–West Economic corridor is an economic development program initiated in order to promote development and integration of 5 Southeast Asian countries, namely: Myanmar, Thailand, Laos, Cambodia and Vietnam. The concept was agreed upon in 1998 at the Ministerial Conference of the Greater Mekong Subregion, organized in Manila, the Philippines.
The Land Bridge Project aims to link the Gulf of Thailand with the Andaman Sea, resulting in a more efficient transportation network for the region. The project is expected to be approved by the cabinet in June 2023, and construction is planned to begin in 2025 with an estimated completion date of 2030. [12] [10] [11] [3] [9] [13]
In June 2010, Vietnam's National Assembly rejected the plan due to high construction costs, reportedly equal to about 50 percent of the country's GDP. The project was slated for re-consideration during the 2019 Vietnam's National Assembly Session owing to Vietnam's economy growing at a rate faster than expected, thus significantly decreasing ...
Vietnam is planning to build a 1,545 km (960 miles) high-speed system with a price tag that could be as much as $72 billion, or 17% of its gross domestic product, according to state media.
Customs, new second road and rail bridge, 16 km (10 mi) Mae Sot bypass road and Tak-Mae Sot highway on Thai side are complete in Dec 2017, only 4 km (2.5 mi) road to connect to the National Highway on Myanmar is pending due to the land acquisition issues (Dec 2017). [60] As of July 2021, the project was complete. [61]
Thailand was in conflict with Vietnam because of Thai opposition to Vietnam's occupation of Cambodia. Border raids were launched between both nations, damaged much of Cambodia, and further soured relations. Hostility between Thailand and Vietnam ended in 1989, when Vietnamese forces withdrew from Cambodia.
Later reports raised estimated costs to US$56 billion (almost 60 percent of Vietnam's GDP in 2009) for a completion date in the mid-2030s. On June 19, 2010, after a month of deliberation, Vietnam's National Assembly rejected the high speed rail proposal due to its high cost; National Assembly deputies had asked for further study of the project.