Thailand has inaugurated its first inland river power which links inland industries through waterways.
Located in Ayutthaya, the first phase of construction cost US$23.55 million. The port has been equipped with four cranes and other advanced facilities. Total loading capacity is 450,000TEU per year.
Phase two of construction, scheduled to begin next year, will cost US$20.6 million and will establish its depot.
Prasit Damrongchietanon, the CEO of the company which owns the port, Ayutthaya Port & ICD, said that export by waterways would reduce costs by up to 20 percent.
The port will also reduce congestion at Lat Krabang ICD which handles 1.6 million containers per year.
