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Byline: The Nation.
The Bt131-billion Thai Landbridge Project - featuring an oil "bridge" link across the Thai peninsula and related industries - should be initiated as it is economically feasible, according an executive report sponsored by a UAE state agency.
"We were informed that the Thai 'land-bridge' is okay. The best internal rate of return we will receive is by focusing on the oil pipeline first and then transport logistics," said Chula Sukmanop, deputy director-general of the Office of Transport and Traffic Policy and Planning (OTP), last week.
The report suggested creating the "oil bridge", as well as a "land bridge" and free economic zone.
The project was expected to produce an average internal rate of …