Thailand sets up rail investment body

Thai railThailand’s  government has announced plans to establish a railway investment and regulation unit, taking over functions currently managed by State Railway of Thailand.

According to the Bangkok Post, the Department of Rail Transport (DRT) will be part of the Transport Ministry and is expected to take a year-and-a-half to set up. The final structure of the DRT has not yet been determined, and ministers still have to decide whether ownership of infrastructure and property should remain with the State Railway of Thailand or transfer to the new organisation.

State Railway of Thailand will still be responsible for implementing infrastructure projects and around 1000 track maintenance staff will remain with the railway.

The proposals will be put before the Public Transport Development Commission within the next six months, before being submitted to parliament for approval.

Outlining the restructuring plan on April 17, permanent secretary for transport Wichean Potephosree said that the creation of the DRT would ease the future debt burden on the state railway as Thailand steps up investment in the modernisation of its railways. The Thai government is planning to borrow up to$70 billion to fund infrastructure projects over the next seven years, of which 80 per cent will be allocated to rail.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

Thailand's  government has announced plans to establish a railway investment and regulation unit, taking over functions currently managed by State Railway of Thailand. According to the Bangkok Post, the Department of Rail Transport (DRT) will be part of the Transport Ministry and is expected to take a year-and-a-half to set up. The final structure of the DRT has not yet been determined, and ministers still have to decide whether ownership of infrastructure and property should remain with the State Railway of Thailand or transfer to the new organisation. State Railway of Thailand will still be responsible for implementing infrastructure projects...

Thai railThailand’s  government has announced plans to establish a railway investment and regulation unit, taking over functions currently managed by State Railway of Thailand.

According to the Bangkok Post, the Department of Rail Transport (DRT) will be part of the Transport Ministry and is expected to take a year-and-a-half to set up. The final structure of the DRT has not yet been determined, and ministers still have to decide whether ownership of infrastructure and property should remain with the State Railway of Thailand or transfer to the new organisation.

State Railway of Thailand will still be responsible for implementing infrastructure projects and around 1000 track maintenance staff will remain with the railway.

The proposals will be put before the Public Transport Development Commission within the next six months, before being submitted to parliament for approval.

Outlining the restructuring plan on April 17, permanent secretary for transport Wichean Potephosree said that the creation of the DRT would ease the future debt burden on the state railway as Thailand steps up investment in the modernisation of its railways. The Thai government is planning to borrow up to$70 billion to fund infrastructure projects over the next seven years, of which 80 per cent will be allocated to rail.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply