A new canal situated in Southern Thailand called the Kra Canal could be included as part of China’s Maritime Silk Road plan.
According to World Maritime News, a feasibility study of the new canal has already been conducted and shows that the 26-metre-deep and less-than-100-kilometre-long waterway would cost around US$20bn.
Upon completion, the canal is to offer a route that will allow ships to avoid sailing through the Malacca Strait, a region that is expected to become heavily congested in the next ten years.
The canal is also anticipated to save up to 48 hours for shipping companies transiting routes between Asia and Europe.
The next step for the canal project is to run a more detailed feasibility study that would take around one year to complete before it is presented to the Thai government.
China is rumoured to be financing the project.
The Maritime Silk Road initiative is intended to revive the historic trade routes between China and other Asian nations in the South China Sea.