Thai transport ministry launches $80 bln infrastructure project

By Vietnam News Agency
Mon, October 7, 2024 | 8:18 pm GMT+7

The Ministry of Transport is launching an extensive 2.68 trillion baht ($80.12 billion) investment initiative to revolutionize Thailand’s transportation infrastructure and support sustainable logistics.

Thailand is investing to revolutionize its transportation infrastructure. Photo courtesy of PRD.

Thailand is investing to revolutionize its transportation infrastructure. Photo courtesy of PRD.

The project will focus on expanding rail networks, upgrading key airports, and promoting green logistics to reduce road congestion and lower greenhouse gas emissions by 45.6 million tonnes by 2030.

This initiative is part of the Nationally Determined Contributions (NDC) Action Plan for 2021-2030, aligning with Thailand’s climate objectives under the Paris Agreement.

Panya Chupanich, director of the Office of Transport and Traffic Policy and Planning, stated that the Ministry is prioritizing the electrification of public transportation. Plans include introducing 3,100 electric buses in Bangkok by the end of this year, with an additional 1,520 to be deployed by 2025.

The ministry is also expanding the electric train network in Bangkok and its metropolitan areas, aiming for 554 kilometers of rail coverage by September 2025. This will be accompanied by a unified ticketing system and a flat-rate fare policy of 20 baht per journey.

Key rail projects include double-track railway expansions and high-speed train links. Notable initiatives include the Bangkok-Nakhon Ratchasima high-speed rail and the three-airport high-speed rail project connecting Don Mueang, Suvarnabhumi, and U-Tapao airports.

The ministry is also planning to introduce light rail transit systems in key regional cities such as Chiang Mai, Khon Kaen, and Phuket.

To enhance logistics efficiency, the Ministry has already completed 4,044 kilometers of double-track rail lines and plans to add another 1,479 kilometers by 2029.

The high-speed rail blueprint features the three-airport link, a 220-kilometer route with a budget of 226.7 billion baht, and the Thai-Chinese high-speed railway from Bangkok to Nakhon Ratchasima, which is currently under construction.

Comments (0)
  • Read More
Vietnam gov’t requests thorough cost calculations for first high-speed railway

Vietnam gov’t requests thorough cost calculations for first high-speed railway

The Vietnamese government has asked subordinated agencies to meticulously calculate the estimated cost of the colossal transnational high-speed railway project to prevent financial risks.

Economy - Mon, October 7, 2024 | 8:08 pm GMT+7

Northern Vietnam province to complete site clearance next month for VSIP industrial park

Northern Vietnam province to complete site clearance next month for VSIP industrial park

Thai Binh province in northern Vietnam is striving to complete site clearance next month for VSIP Thai Binh, a facility under the Vietnam-Singapore Industrial Park (VSIP) model.

Industrial real estate - Mon, October 7, 2024 | 7:54 pm GMT+7

Yarn maker Van Dat Group’s stock skyrockets after listing

Yarn maker Van Dat Group’s stock skyrockets after listing

Yarn and thread maker Van Dat Group JSC has seen its stock value soar over 104% since it began trading September 26 this year on the unlisted public companies market UPCoM as VDG.

Companies - Mon, October 7, 2024 | 4:59 pm GMT+7

Vietnam posts $20.8 bln trade surplus in Jan-Sept, FDI sector $38.2 bln

Vietnam posts $20.8 bln trade surplus in Jan-Sept, FDI sector $38.2 bln

Vietnam posted a trade surplus $20.79 billion in the first nine months of this year, with the foreign direct investment (FDI) sector making a trade surplus of $38.17 billion.

Economy - Mon, October 7, 2024 | 4:12 pm GMT+7

Masan Consumer plans to issue 326 mln shares, pay cash dividend

Masan Consumer plans to issue 326 mln shares, pay cash dividend

Masan Consumer, a leading fast-moving consumer goods (FMCG) firm in Vietnam, plans to issue 326 million shares to existing shareholders at VND10,000 ($0.42) each by 2025.

Companies - Mon, October 7, 2024 | 4:07 pm GMT+7

Vietnam aims for 7.6-8% economic expansion in Q4

Vietnam aims for 7.6-8% economic expansion in Q4

Vietnam seeks to grow its economy by 7.6-8% in the fourth quarter of this year after a surprisingly strong expansion in Q3, says Minister of Planning and Investment Nguyen Chi Dung.

Economy - Mon, October 7, 2024 | 3:46 pm GMT+7

Vietnam inflation up 3.88% in 9 months, approaching 4-4.5% target

Vietnam inflation up 3.88% in 9 months, approaching 4-4.5% target

Vietnam's consumer price index (CPI), an indicator of inflation, went up 3.88% year-on-year in the first nine months of this year, nearing the government’s target of 4-4.5% this year.

Economy - Mon, October 7, 2024 | 3:26 pm GMT+7

Vietnam credit growth sees Jan-Sept upswing to 8.53%

Vietnam credit growth sees Jan-Sept upswing to 8.53%

Total outstanding loans in the Vietnamese banking system grew 8.53% in the year to September 27, up from a 6.24% expansion in the same period last year, according to the General Statistics Office (GSO).

Banking - Mon, October 7, 2024 | 3:15 pm GMT+7

Bank stocks help PYN Elite beat VN-Index in Sept

Bank stocks help PYN Elite beat VN-Index in Sept

Finland-based PYN Elite Fund recorded returns of 3.37% in September, outperforming a mere 0.3% increase of the benchmark VN-Index of the Ho Chi Minh Stock Exchange, thanks to the rallies of its bank portfolio.

Finance - Mon, October 7, 2024 | 11:17 am GMT+7

Vietnam's nine-month industrial production grows 8.6%

Vietnam's nine-month industrial production grows 8.6%

Vietnam’s Jan-Sept index of industrial production (IIP) grew 8.6% year-on-year, extending the recovery of the sector, but the September index fell 0.2% from August.

Economy - Mon, October 7, 2024 | 10:37 am GMT+7

Investors advised to hold stocks of leading firms with good Q3 outcome: broker

Investors advised to hold stocks of leading firms with good Q3 outcome: broker

Investors should buy stocks of leading companies that have appropriate valuations and show positive business performance in the third quarter and throughout 2024, according to broker Agriseco.

Finance - Mon, October 7, 2024 | 8:02 am GMT+7

Vietnam GDP grows 6.82% in 9 months

Vietnam GDP grows 6.82% in 9 months

Vietnam’s economy in the first nine months of 2024 expanded 6.82% year-on-year, the General Statistics Office (GSO) reported.

Economy - Sun, October 6, 2024 | 9:37 pm GMT+7

Luxshare-ICT to make Apple Watch with $150 mln project in central Vietnam

Luxshare-ICT to make Apple Watch with $150 mln project in central Vietnam

Luxshare-ICT (Nghe An) Limited, a subsidiary of major Chinese electronics producer Luxshare-ICT, is set to make Apple Watch with its $150-million project in the central province of Nghe An.

Industries - Sun, October 6, 2024 | 6:05 pm GMT+7

South Korean tourist welcomed as 9 millionth visitor to central Vietnam’s Khanh Hoa province

South Korean tourist welcomed as 9 millionth visitor to central Vietnam’s Khanh Hoa province

An Jin Yeong of South Korea, who arrived on a Vietnam Airlines flight from Incheon at Cam Ranh International Airport on Friday, was welcomed as the 9 millionth tourist to visit Khanh Hoa province this year.

Travel - Sun, October 6, 2024 | 4:39 pm GMT+7

Issue bonds to fund key transport projects, Vietnam govt urged

Issue bonds to fund key transport projects, Vietnam govt urged

High-yield bonds are an option the Vietnamese government should consider for raising capital to implement key transport projects, says Nguyen Van Than, chairman of the Vietnam Association of Small and Medium-Sized Enterprises.

Economy - Sun, October 6, 2024 | 1:30 pm GMT+7

Bac Ninh province leads the way in northern Vietnam industrial growth: Knight Frank

Bac Ninh province leads the way in northern Vietnam industrial growth: Knight Frank

Bac Ninh province, a neighbor of Hanoi, is the driving force behind northern Vietnam’s industrial growth, according to a new study by Knight Frank.

Industries - Sun, October 6, 2024 | 10:55 am GMT+7