Infra projects to go ahead

Economy November 21, 2017 01:00


THE government will go ahead with its planned investment for transportation infrastructure projects worth about Bt309.61 billion next year, according to Transport Minister Arkhom Termpittayapaisith.

Speaking at a meeting of chambers of commerce nationwide in Surat Thani province, Arkhom said of the total investment, Bt152.16 billion would be for land transport, Bt96.20 billion for rail, Bt53.54 billion for air and Bt7.32 billion for marine.

He cited earlier delays in bud-get disbursement and no in-|vestment in new projects for the low government spending during the previous periods. The latest project invested by the government was the construction of Suvarnabhumi International Airport.

The government has pulled back unused budget of state agencies for the new investments worth about Bt100 billion per year.

In addition, during 2017-2021, there would be about 103 projects worth Bt745.71 billion for the transportation action plan for the development of the Eastern Economic Corridor (EEC), he said.

Based on the plan, U-Tapao airport will be upgraded to international standard with a capacity for 60 million passengers, |more than the first phase of Suvarnabhumi International Airport which can accommodate 45 million passengers. Laem Chabang Port will also be expanded into the third phase.

Theproject for aircraft maintenance, repair and overhaul centre will also pave the way for Thailand to become a regional aviation centre in line with the condition of International Civil Aviation Organisation (ICAO)’s removal of the red flag from Thailand in October this year.

In regard to the co-ticket plan for all transportation routes, negotiations is taking place with expectation for commencement in the middle of next year.