Thailand to spend $68 bn on transport projects

Mar 19, 2013
A man cooks barbecue chicken as a train passes by shack houses in Bangkok. Thailand's cabinet has approved a plan to spend $68 bn on a high-speed railway and other transportation mega projects to drive the nation's economic development.

Thailand's cabinet on Tuesday approved a plan to spend $68 billion on a high-speed railway and other transportation mega projects to drive the nation's economic development.

Under the seven-year scheme, 200 high-speed trains will whizz across the kingdom on four lines linking the capital Bangkok with the north, south and east of the country.

"The projects, which will focus on electric trains and dual tracks, will completely change Thailand, and they will start next year," said Transport Minister Chatchai Sitthipan.

The high-speed rail lines will be built in two stages and eventually link Bangkok with the Malaysian and Lao borders, as well as the northern city of Chiang Mai, the seaside resort of Pattaya and areas further to the east.

The new trains will be capable of travelling at up to 250 kilometres (155 miles) per hour, reducing from Bangkok to northern Thailand to four hours from 12 hours, a cabinet document said.

The average speed of passenger trains on Thailand's existing national network is 60 kilometres per hour.

Under the new plan, the government aims to increase the to between 100 and 120 kilometres per hour. A metropolitan rail network is also envisaged for Bangkok.

A skytrain, part of Bangkok's first mass transit system, makes its way above city street in 1998. Under a new $68 bn scheme, 200 high-speed trains will whizz across Thailand on four lines linking the capital Bangkok with the north, south and east of the country.

The government plans to borrow 2.0 trillion baht ($68 billion) to fund the project, subject to parliamentary approval, as part of its efforts to avoid the "middle income trap" of slowing .

The said it hoped the investment would boost Thailand's annual economic growth by one percentage point on average between 2013 and 2020 and create 500,000 .

Explore further: Weibo IPO below expectations, raises $285.6 mn

add to favorites email to friend print save as pdf

Related Stories

China unveils 'world's fastest train link'

Jan 11, 2010

Last month China unveiled what it billed as the fastest rail link in the world -- a train connecting the modern cities of Guangzhou and Wuhan at an average speed of 350 kilometres (217 miles) an hour.

India in talks to buy first bullet trains: report

Oct 03, 2012

India is in talks to buy its first bullet trains for the nation's creaking and accident-prone network, but the new fleet will run at only a fraction of its top speed, a report said on Wednesday.

China denies safety lax on high-speed rail link

Jun 27, 2011

A top Chinese railway official tried Monday to ease safety concerns over a major high-speed rail link between Beijing and Shanghai, just three days ahead of the much-anticipated formal launch.

China's launch of key high-speed railway imminent

Jun 13, 2011

China's much-anticipated high-speed railway linking Beijing and Shanghai is set to open this month, the government said Monday, shrugging off safety concerns after a recent corruption scandal.

Recommended for you

Weibo IPO below expectations, raises $285.6 mn

6 hours ago

Sina Weibo sold fewer shares than expected in its US IPO which was priced below expectations ahead of a Thursday listing that takes place after tech selloffs on Wall Street.

'Chief Yahoo' David Filo returns to board

7 hours ago

Yahoo announced the nomination of three new board members, including company co-founder David Filo, who earned the nickname and formal job title of "Chief Yahoo."

Fired Yahoo exec gets $58M for 15 months of work

7 hours ago

Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.

IBM posts lower 1Q earnings amid hardware slump (Update)

17 hours ago

IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exacerbated by weaker demand in China and emerging markets.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Chromodynamix
not rated yet Mar 20, 2013
The Thai government will need exceptional oversight to control kickback and bribes with these megaprojects.
Asia is now awash with cash from the western world looking for better returns.
The busiest line will be the Bangkok - Pattaya Sexpress!

More news stories

Net neutrality balancing act

Researchers in Italy, writing in the International Journal of Technology, Policy and Management have demonstrated that net neutrality benefits content creator and consumers without compromising provider innovation nor pr ...

Cosmologists weigh cosmic filaments and voids

(Phys.org) —Cosmologists have established that much of the stuff of the universe is made of dark matter, a mysterious, invisible substance that can't be directly detected but which exerts a gravitational ...

Bionic ankle 'emulates nature'

These days, Hugh Herr, an associate professor of media arts and sciences at MIT, gets about 100 emails daily from people across the world interested in his bionic limbs.