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Published on October 15, 2007

The board said the new unit could become another revenue source by leasing vehicles not only to TOT but also other companies.

The board also approved TOT's plan to hold an e-auction for the vehicle leasing service with a budget of Bt886 million.

Railway into Laos

The first-ever friendship railway linking Thailand and Laos is set to be completed on schedule in April to strengthen ties both trade and investment between the countries.

According to the Vietnam News Agency, half of the construction work is already finished.

A recent fact-finding report to Lao Prime Minister Bouasone Buphavanh said the remaining work for the 3.5-kilometre railway - connecting the existing Thai railroad track in the centre of the Lao-Thai Friendship Bridge to Tha Na Laeng train station in Dongphosy village in the outskirts of Vientiane - was under way.

During this phase, railway stations, immigration offices, railway lounges, restaurants, water systems and other supporting facilities will be built. The railway is estimated to cost 55 billion kip (Bt185 million), 70 per cent of which is soft loans from the Thai government.