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Indiaexportnews.com

Thailand’s $75bn transport infrastructure upgrade plan receives approval

  31.07.2014    

Thailand's transport infrastructure is set to undergo transformation over the next eight years, following the approval of a $75bn master plan by the country's ruling military, according to Railway Technology.
The Wall Street Journal reported that the infrastructure master plan is the biggest to secure approval since the military came into power.
A spokesman for the Yongyuth Mayalarp junta was quoted as saying that the infrastructure upgrade plan will see the expansion of dual-track rail lines, which will improve the logistic efficiency in the country's run-down rail sector.
Upgrade works also include the extension of elevated train lines in Bangkok and the metropolitan area.
Apart from the railway infrastructure, the funds from the Thai Government will also be used for airport and seaport improvements.
Previous governments proposed plans to improve the ageing rail and road links in the country but these were put on hold due to the frequent change of governments.
In 2013, former prime minister Yingluck Shinawatra pushed a bill to allow the government to borrow more than $63bn, in a bid to improve road and rail links by the end of 2020, as well as develop high-speed rail links across Thailand to link Bangkok to Laos, China and Singapore.
The Constitutional Court in Thailand said that the bill failed to follow good fiscal practices.



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