GCTL8.com (FocusAsia Media Ltd)
BEIJING, Mar 21 (FAM) – More widely, China has been pushing for the development of a comprehensive rail network in Southeast Asia, the key area of its “Belt and Road” initiative — a huge infrastructure investment program aimed at integrating China with Asia and Europe.
As part of this diplomatic strategy, China’s policy banks will play a role in filling the financing gaps for infrastructure construction in developing countries. The project in Thailand is one of them.
“China’s railway plan in the region will help its landlocked inner western provinces to gain access to the sea, linking from Yunnan via Laos to Thailand and hope to link with other parts of ASEAN region as well,” Phanishsarn of Thammasat University said.