Thailand to start US$12.2b railway project in September
[BANGKOK] Thailand will begin constructing a 400 billion baht (US$12.22 billion) railway project in September, a deputy prime minister said on Thursday, the latest move by the military government to kick-start the economy and modernise the country's aging rail network.
Thailand has agreed with China to build the 873-km dual-track railway from Nong Khai on Thailand's border with Laos to its ports and industrial zones in the east.
Another line would link Bangkok with the central province of Saraburi about 108 km away.
"We expect it will cost about 400 billion baht and will be completed within two and a half years from the construction date," said deputy prime minister and transport minister Air Chief Marshal Prajin Junthong.
Work on the first phase joining Bangkok to Saraburi and Saraburi to Rayong is set to begin on Sept 1. The second phase connecting Saraburi to Korat province and Korat to Nong Khai will begin on Dec 1.
Mr Prajin told reporters there are around 12 to 15 private companies interested in funding the project.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Air China to buy 100 locally made C919 jets in US$11 billion deal
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter