Cabinet gives nod to 36 infrastructure projects

The cabinet on Tuesday gave a greenlight to the Transport Ministry’s 36 infrastructure development projects worth an estimated 895.7 billion baht.

The projects include the followings: ten routes of dual-track train with investment cost estimated at about 408.6 billion baht; two suburban train routes worth about 26.6 billion baht; six extension routes of the electric train project worth an estimated 221.1 billion baht; five routes of special inter-provincial highways and special ways with total investments worth 167.2 billion baht.

Biddings for at least 15 of the 36 projects worth about 468 billion baht are expected to be staged next year.

Transport Minister Arkhom Termpittayapaisit said that the projects designated to be implemented next year were estimated to be worth about 149 billion baht, accounting for one percent of the GDP worth a total of 14 trillion baht.

The minister anticipated that about 300 billion baht in investments would be disbursed next fiscal year � twice the amount of the investments of 2015 and accounting for two percent of the GDP.

According to Mr Arkhom, the 36 infrastructure development projects are divided into five clusters which include, among others, the ferry boat service in the Gulf of Thailand; construction of the dual-track project between Hua Hin and Prachaub Khiri Khan and etc.

Source: Thai Public Broadcasting Service (Thai PBS)

Post Author: thailandmirror.com