Thailand Plans THB1.47 Trillion Project To Improve Rail Service
BANGKOK -(Dow Jones)- Thailand's Transport Ministry will propose to economic
ministers at a meeting Wednesday a plan involving investment worth THB1.47
trillion ($44.14 billion) to upgrade the railway system and services to meet
international standards.
Under the first stage of the development plan for the State Railway of
Thailand, the SRT will spend THB46 billion between 2010-2014 to replace old
train engine cars, improve railway and signaling systems nationwide, Transport
Minister Sophon Zaram told reporters Tuesday.
Upon completion of the initial stage, the SRT will invest THB392 billion to
expand network coverage by 2,651 kilometers and at the same time spend THB323
billion to develop dual-track lines nationwide from single-track at present, he
said.
In the final phase, the government plans to allow the private sector to invest
around THB708 billion on high-speed trains nationwide.
The SRT will also seek to restructure its organization and management
structures to improve efficiency, said Sophon.
-By Phisanu Phromchanya, Dow Jones Newswires; 662-266-0744;
phisanu.phromchanya@dowjones.com
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