Thailand to invest heavily in railways

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The lion’s share of Thailand’s infrastructure investment will flow into the upgrade of the country’s overburdened railway network, according to the Thai finance ministry.A draft bill is currently being finalised to authorise the finance ministry to borrow funds on local or international markets specifically for infrastructure investment. The proposed bill is authorising 2.2 trillion baht ($55 billion) in new debt to finance infrastructure investments and will take effect in 2014, with two-thirds set to go towards rail improvements. The investment projects will be spanning seven years after the law takes effect.

The main purpose is to upgrade Thailand’s rail system from the current 1-meter track gauge to the 1.43-meter international standard gauge to connect the network to railway tracks of neighbouring countries, allowing Thailand to take advantage of its geographic location and serve as a transport hub for the region.

The Thai government is also considering public-private partnership (PPP) projects and infrastructure funds for the planned investments.

In addition to rail projects, nearly a quarter of the budget will be earmarked for road and land transport, with another 7 per cent set aside for water transport and 4 per cent for air transport infrastructure, according to the Bangkok Post.

Major projects already planned under the law include four high-speed train routes running from Bangkok-Korat, Bangkok-Hua Hin, Bangkok-Chiang Mai and Bangkok-Rayong as well as five new mass-transit routes in Bangkok.

Another projects comprise new ring roads running around Greater Bangkok, expanding port facilities and the country’s main airport, Suvarnabhumi.

 

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Reading Time: 1 minute

The lion’s share of Thailand’s infrastructure investment will flow into the upgrade of the country’s overburdened railway network, according to the Thai finance ministry.A draft bill is currently being finalised to authorise the finance ministry to borrow funds on local or international markets specifically for infrastructure investment. The proposed bill is authorising 2.2 trillion baht ($55 billion) in new debt to finance infrastructure investments and will take effect in 2014, with two-thirds set to go towards rail improvements. The investment projects will be spanning seven years after the law takes effect.

Reading Time: 1 minute

The lion’s share of Thailand’s infrastructure investment will flow into the upgrade of the country’s overburdened railway network, according to the Thai finance ministry.A draft bill is currently being finalised to authorise the finance ministry to borrow funds on local or international markets specifically for infrastructure investment. The proposed bill is authorising 2.2 trillion baht ($55 billion) in new debt to finance infrastructure investments and will take effect in 2014, with two-thirds set to go towards rail improvements. The investment projects will be spanning seven years after the law takes effect.

The main purpose is to upgrade Thailand’s rail system from the current 1-meter track gauge to the 1.43-meter international standard gauge to connect the network to railway tracks of neighbouring countries, allowing Thailand to take advantage of its geographic location and serve as a transport hub for the region.

The Thai government is also considering public-private partnership (PPP) projects and infrastructure funds for the planned investments.

In addition to rail projects, nearly a quarter of the budget will be earmarked for road and land transport, with another 7 per cent set aside for water transport and 4 per cent for air transport infrastructure, according to the Bangkok Post.

Major projects already planned under the law include four high-speed train routes running from Bangkok-Korat, Bangkok-Hua Hin, Bangkok-Chiang Mai and Bangkok-Rayong as well as five new mass-transit routes in Bangkok.

Another projects comprise new ring roads running around Greater Bangkok, expanding port facilities and the country’s main airport, Suvarnabhumi.

 

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