The dream of seamless connectivity between Kolkata and Bangkok is about to become a reality with the impending completion of the Kolkata-Bangkok Trilateral Highway. This ambitious project, part of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), is making significant progress, promising not just improved trade links but also transformative effects on the real estate landscape.
Kolkata-Bangkok Highway Project Overview:
Spanning an impressive 2,820 kilometers across India, Myanmar, and Thailand, the Kolkata-Bangkok Highway is strategically designed to traverse key regions, fostering economic collaboration. Initiated as part of India's Look East Policy, this project is set to be a game-changer.
Estimated Completion Time: 2027
Investment Breakdown:
The Kolkata-Bangkok Highway project involves substantial investments from the participating countries:
Proposed Route:
Starting from Bangkok, the highway will traverse through various cities in Thailand and Myanmar before connecting with key Indian cities such as Moreh, Kohima, Guwahati, Srirampur, Siliguri, and Kolkata.
Impact on Trade and Connectivity:
Trade Boost: The completion of the Kolkata-Bangkok Highway is expected to enhance accessibility, facilitate transportation, and boost economic prospects across the three countries. A significant increase in exports and imports between India and the Association of Southeast Asian Nations (ASEAN) is anticipated.
Enhanced Connectivity: Upon completion, the highway will provide easy connectivity between Kolkata and Bangkok, reducing the costs associated with air travel. Towns along the route, including Kohima, Guwahati, Srirampur, Siliguri, Sukhothai, Mae Sot, Yangon, Mandalay, Moreh, Kalewa, and Tamu, are poised to experience improved connectivity.
Real Estate Impact:
The ripple effect of the Kolkata-Bangkok highway project is expected to extend to the real estate sector. The development of this infrastructure will likely lead to increased property prices along the corridor. Additionally, the surge in economic activities and movement of people is set to create more employment opportunities, further fueling the demand for residential and commercial properties in the region.
In conclusion, as the Kolkata-Bangkok Highway project progresses, it not only promises enhanced trade and connectivity but also emerges as a catalyst for positive changes in the real estate sector. Stay tuned for updates as this transformative project continues to shape the future of the region.
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