Bt100 bn high-speed train projects endorsed
The economic ministers on Wednesday approved the Bt100 billion high-speed train construction in four routes, from Bangkok to Chiang Mai, Nong Khai, Chanthaburi and Padang Besar.
Deputy Prime Minister Korbsak Sabhavasu said that Prime Minister Abhisit Vejjajiva instructed the Transport Ministry to first focus on the eastern route as it is the shortest. The detailed investment plan must be completed within 45 days, to be submitted to the Cabinet for approval by the end of this year.
The Finance Ministry was instructed to finalise the financing options, including China's offer to loan US$400 million and private companies' participation.
The ministers also acknowledged the planned establishment of a subsidiary to operate the Airport Rail Link project. Meanwhile, a special unit will be established to oversee asset management, rail management and maintenance.
"This should not draw complaints from the labour union, as this is what they proposed for the sake of safety."
OTHER BUSINESS
Top Stories
- Thai business remains positive over Cambodian conflict
- Big rise in piracy hits DVD-makers
- Supachai wans of social impact
- Politics, rule of law blocks oil-pricing centre
- Pollution tax to be enacted soon
- ICT minister vows TOT will proceed with 3G roll-out
- Capital Engineering fears it will be shut out of Cambodian projects
- Creativity Fund launched to compliment Govt policy
- Bt100 bn high-speed train projects endorsed
- E-auctioneers fight scrapping of system
Tel 66-2-338-3000(Call Center), 66-2-338-3333, Fax 66-2-338-3334