State Railway of Thailand (SRT) yesterday signed nine contracts worth Bt69.53 billion for the construction of five routes of a double-track system.
The five routes are part of a proposed seven that will form a combined 995 kilometres worth a total of Bt136.33 billion, Transport Minister Arkom Termpittayapaisith said at a function to mark the contract signing ceremony.
Meanwhile, Transport Minister also plans to purpose the cabinet to approve to open biding the next 11 double rail rotes worth Bt471.21 billion within March, 2018. Then will open biding and will construction in the year 2018, he said.
Deputy Prime Minister Somkid Jatusripitak, who was also at the ceremony, said the government planned to spend over Bt600 billion to develop the double rail system that would eventually comprise 2,588 kilometres nationwide. The government also plans develop a minor rail system in province across the country that would link with the main rail system. This comes under a national goal of developing the country’s logistics system.
He said that when the country’s rail system was completed it would boost the provinces’ economic growth – especially from the tourism industry.