Thailand invests in transport infrastructure

Thailand’s government has announced a USD 74.01 billion investment package to boost the country's transport system. According to Transport Minister, Chadchat Sittipunt, 78 per cent of the total investment will cover transport infrastructure projects including rail, roads, air and water transports. He added that the infrastructure upgrades will lower logistics expenses by as high as 13.2%, by shifting transportation mode from roads to rail network. The huge spending on infrastructure was crucial for the cou
January 24, 2013 Read time: 1 min
Thailand’s government has announced a USD 74.01 billion investment package to boost the country's transport system.  

According to Transport Minister, Chadchat Sittipunt, 78 per cent of the total investment will cover transport infrastructure projects including rail, roads, air and water transports. He added that the infrastructure upgrades will lower logistics expenses by as high as 13.2%, by shifting transportation mode from roads to rail network. The huge spending on infrastructure was crucial for the country's economic growth, he said.

The investment programme aims to encourage trade and investment and increase connectivity between Bangkok and other provinces with a new high-speed train service, and to improve travel conditions in the capital by adding nearly 400km to the existing electric rail network.

Related Content

  • Australia’s infrastructure spending plans
    May 14, 2014
    In its federal budget announced on 13 May 2014, the Australian government announced plans for new infrastructure projects costing US$117.04 billion to keep the economy going after the mining boom ends. The new funding and existing projects are expected to boost infrastructure investment to US$47 billion by end of the decade. The government will invest US$11 billion to fast track infrastructure projects including US$3.4 billion for road projects, US$4.6 billion to asset-recycling fund for states and US$2.
    Read More
  • Varying acceptance of tolling in Africa
    January 6, 2016
    Tolling technology is now at an advanced state but governments have a key role in ensuring the success of schemes as is evident in Africa. Shem Oirere reports. According to the African Development Bank, the continent has an estimated $46bn of infrastructure financing deficit. The bank says sub-Saharan Africa requires $93bn annually to meet its infrastructure development needs - but only half of the financing is available.
    Read More
  • Varying acceptance of tolling in Africa
    January 6, 2016
    Tolling technology is now at an advanced state but governments have a key role in ensuring the success of schemes as is evident in Africa. Shem Oirere reports. According to the African Development Bank, the continent has an estimated $46bn of infrastructure financing deficit. The bank says sub-Saharan Africa requires $93bn annually to meet its infrastructure development needs - but only half of the financing is available.
    Read More
  • Go-ahead for Richmond-to-Raleigh high-speed rail proposal
    September 21, 2015
    The US Department of Transportation (DOT)’s Federal Railroad Administration (FRA), the State of North Carolina and the Commonwealth of Virginia have signed off on the Final Environmental Impact Statement (FEIS) for the proposed Richmond to Raleigh (R2R) passenger rail line along the Southeast Corridor. The completion of the FEIS is one of the final steps necessary before construction of the project can move forward once funding is secured. The 162-mile route between the two cities would utilise existing
    Read More

Highlighted Content