Thailand starts $76b infrastructure plan

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In 2013, Thailand will see the start of a massive infrastructure investment programme designed to enhance international connectivity and competitiveness and boost regional development ahead of the ASEAN Economic Community to be launched by 2016.

According to the Thai  government, 55 projects worth $76.27 billion are set to be executed by 2020, with $3.36 billion allocated for 2013.

Sixty-four per cent of the budget will be used for 31 railway projects, 24 per cent for 13 roads, 7 per cent for water transport projects and 5 per cent to four air transportation development ventures.

The investment’s aim, in the first instance, to improve Thailand’s connectivity with its ASEAN neighbours, to boost trade, lower transportation costs, ease existing bottlenecks and support the growth of the crucial tourism sector. The investment plan has been approved by parliament by the end of 2012, see our earlier story

“Our infrastructure is running at full capacity. With new investment [from the public sector], private investment will spike. They [private interests] will be encouraged to invest more. We need to clear the bottlenecks,” Virabongsa Ramangkura, chairman of the Strategic Formulation Committee for Reconstruction and Future Development of the Thai government, said.

The plan also includes a high-speed railway network to connect Laos and Myanmar with Thailand as well as the upgrading of Thailand’s one-meter gauge rail network to international standards.

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Reading Time: 1 minute

Click to enlarge

In 2013, Thailand will see the start of a massive infrastructure investment programme designed to enhance international connectivity and competitiveness and boost regional development ahead of the ASEAN Economic Community to be launched by 2016.

Reading Time: 1 minute

Click to enlarge

In 2013, Thailand will see the start of a massive infrastructure investment programme designed to enhance international connectivity and competitiveness and boost regional development ahead of the ASEAN Economic Community to be launched by 2016.

According to the Thai  government, 55 projects worth $76.27 billion are set to be executed by 2020, with $3.36 billion allocated for 2013.

Sixty-four per cent of the budget will be used for 31 railway projects, 24 per cent for 13 roads, 7 per cent for water transport projects and 5 per cent to four air transportation development ventures.

The investment’s aim, in the first instance, to improve Thailand’s connectivity with its ASEAN neighbours, to boost trade, lower transportation costs, ease existing bottlenecks and support the growth of the crucial tourism sector. The investment plan has been approved by parliament by the end of 2012, see our earlier story

“Our infrastructure is running at full capacity. With new investment [from the public sector], private investment will spike. They [private interests] will be encouraged to invest more. We need to clear the bottlenecks,” Virabongsa Ramangkura, chairman of the Strategic Formulation Committee for Reconstruction and Future Development of the Thai government, said.

The plan also includes a high-speed railway network to connect Laos and Myanmar with Thailand as well as the upgrading of Thailand’s one-meter gauge rail network to international standards.

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