You are here

Thai cabinet approves 82b baht Bangkok rail project

Tuesday, April 19, 2016 - 16:35

30130097 - 04_12_2013 - FOREX5.jpg
Thailand's cabinet approved on Tuesday construction of a 82 billion baht (S$3.16 billion) rail line in Bangkok, part of a larger infrastructure push by the ruling junta as it seeks to revive a sluggish economy.

[BANGKOK] Thailand's cabinet approved on Tuesday construction of a 82 billion baht (S$3.16 billion) rail line in Bangkok, part of a larger infrastructure push by the ruling junta as it seeks to revive a sluggish economy.

It follows the approval last month of two new rail lines in the traffic-clogged capital, which currently has three Skytrain lines and one underground line.

The proposed 21.2 kilometre (13.2 mile) Orange Line will connect central Bangkok to the city's eastern suburbs. The cost of the project has been lowered by almost 14 per cent from an earlier estimate.

Thailand's central bank on March 23 cut its 2016 growth forecast for South East Asia's second largest economy to 3.1 per cent.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom