Straits of Malacca
The Straits of Malacca, one of the busiest shipping lanes in the world, contains coastal and marine resources with a total economic value estimated to be $4.5 billion per year. The potential economic losses and damages in the event of an oil spill are significant if the resources are not protected or conserved.
The Global Environmental Facility, International Maritime Organization, The World Bank, the three littoral States (Indonesia, Malaysia and Singapore) and the shipping industry have joined forces to promote the investment in a Marine Electronic Highway (MEH) for the Straits. The MEH is an innovative navigational aid designed to reduce/avoid shipping accidents, benefiting both the shipping industry and the coastal and marine environment of the Straits.