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.
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.
