Iran-Armenia Rail Link Still Long Way Off, Says Minister
Jacobs wins consultancy role on Etihad Rail project in UAE
Jacobs chosen for UAE rail project
Jacobs awarded Etihad Rail consultancy contract
Jacobs wins deal to design Etihad rail line
Garmsar – Incheh Borun electrification gets underway
Ha-Sharon Railway extension opens
Thailand eyes private investors for rail upgrades
Netanyahu Gives Green Light for Rail Network to Connect Israel With Saudi Arabia
Etihad Rail awards Stage 2/3 consultancy contract
Thailand is seeking private investors’ help for a $40 billion upgrade of its rail network aimed at reducing logistics costs and boosting trade, Minster of Transport Arkhom Termpittayapaisith told Reuters on Monday.
Lowering transport costs is crucial because exports account for two thirds of Southeast Asia’s second-largest economy.
Thailand’s transport system will “place greater emphasis on rail,” Arkhom said in an interview, adding the country had “overly depended on roads and trucks.”
“We are looking for more active participation of private investment (in rail),” he said, while ruling out the privatization of operator State Railway of Thailand.
The projects include upgrading the network to dual-track rails. The government has already approved 123 billion baht ($3.7 billion) of such upgrades, with nine more worth 407 billion baht to be approved this year, Arkhom said.
This article first appeared on www.reuters.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2018 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.