In a bid to expand on its position as a key trade hub for the Association of Southeast Asian Nations (ASEAN), Laem Chabang port is set to spend more than US$165 million on three infrastructure projects, and is also searching for a contractor to develop a container terminal to expand terminal handling capacity by 300,000 TEU, according to the Journal of Commerce.
Montree Rerkjamnian, Director of Laem Chabang Port said that additional projects are planned by the Thai government in order to support its development and make it into a larger hub for ASEAN trade.
Cargo checks are also important at the port, with a further $36 million being spent on increasing gate checks to eliminate congestion issues.
Laem Chabang is currently number 22 on the world’s busiest ports list.
The canal would allow shippers to avoid the Malacca Strait, a region which is anticipated to be heavily congested in the next 10 years.