The Kra canal across Thailand could have a major impact on Singapore's economy. Here is an update on the feasibility of this project.
EXECUTIVE SUMMARY
The pros and cons of constructing a canal across the Isthmus of Kra have been debated for centuries: proponents stress economic and strategic benefits, while critics argue that it is too costly and commercially unviable.
Since the 2014 coup in Bangkok, advocates of the canal have highlighted three potential game changers: the new Thai monarch, China’s Belt and Road Initiative and Thailand’s 20-year National Strategy.
Prime Minister Prayut Chan-ocha has responded cautiously to the proposal, as he must consider complex domestic, economic and geopolitical factors.
Because of political uncertainties in Thailand, lack of royal support and the global economic slowdown, construction of a Kra canal remains a distant prospect.
EXECUTIVE SUMMARY
The pros and cons of constructing a canal across the Isthmus of Kra have been debated for centuries: proponents stress economic and strategic benefits, while critics argue that it is too costly and commercially unviable.
Since the 2014 coup in Bangkok, advocates of the canal have highlighted three potential game changers: the new Thai monarch, China’s Belt and Road Initiative and Thailand’s 20-year National Strategy.
Prime Minister Prayut Chan-ocha has responded cautiously to the proposal, as he must consider complex domestic, economic and geopolitical factors.
Because of political uncertainties in Thailand, lack of royal support and the global economic slowdown, construction of a Kra canal remains a distant prospect.
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