Local train manufacturing plant on agenda

Economy January 09, 2019 01:00

By The Nation

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The Transport Ministry is studying the possibility of setting up a train assembly plant in Thailand in keeping with the country’s policy to expand investments in infrastructure projects, especially more than 10 rail projects until 2022, Deputy Transport Minster Pailin Chuchottaworn said yesterday.

He said setting up a train assembly plant would generate more than 500 jobs for local people. It also will reduce imports worth up to Bt70 billion a year, to only Bt7 billion a year. Production from the plant could also be exported to other countries in Asean such as Cambodia, Laos, Myanmar, and Vietnam, who are also expand investments in their infrastructure, including rail systems.

“There are foreign investors from Japan, South Korea and Germany interested in expanding their investments in train and rail assembly plants in Thailand including investors. We believe that in the next two to three years from now, we will have train and rail assembly plants in Thailand,” he said.