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

  • USDOT awards infrastructure grants to 18 projects
    September 9, 2016
    US Transportation Secretary Anthony Foxx has announced 18 infrastructure projects across the country that will receive federal grants as part of the new FASTLANE program. The grants, totalling nearly US$800 million, will be combined with other funding from federal, state, local and private sources to support US$3.6 billion in infrastructure investment in 15 states and the District of Columbia.
    Read More
  • Bogotá sets tentative timeline for metro tender
    February 6, 2015
    Bogotá mayor Gustavo Petro has announced that a tender for the Colombian capital's Line No. 1 metro project, which has been in the planning for a decade, could be issued by July. However, the final timeline for bidding will depend on whether the city is first able to line up financing for the project, the mayor added, according to local press reports. Building the metro line is expected to cost US$7.5 billion, or about double the previous estimates. In its current form, the metro line will extend some
    Read More
  • Bolivia expands cable car network
    December 5, 2014
    Bolivia aims to start work on the first of five new cable car lines in the capital next year, part of US$2.5 billion planned investment in infrastructure projects in 2015. The La Paz-El Alto cable car system's second phase, which includes an investment of US$450 million for the five new lines, will be completed by 2020, said César Dockweiler, CEO of state-owned operator Mi Teleférico. Bolivia's government plans to increase its 2015 public spending budget 37% to US$6.18bn, economy minister Luis Arce sa
    Read More
  • How digital navigation is key to managing congestion
    March 24, 2023
    Satnav – not costly civil engineering projects – might point us towards better management of congested road networks, argues David Metz of University College London
    Read More

Highlighted Content