Thailand Moving Ahead with THB 880 Billion Infrastructure Projects

Aug 2019

The Thai Transport Minister is moving ahead with the mega-Infrastructure investment projects that were commenced by the previous government and are worth a combined THB 880 billion (USD 28.5 billion).

Urgent investment projects include increasing the capacity at major airports to accommodate growing air travel demands.

Expansion will begin with the THB 42 billion (USD 1.3 billion) construction of Terminal 2 at the Suvarnabhumi airport. This will be followed by the construction of a second terminal at the Phuket International Airport at a cost of THB 75 billion (USD 2.4 billion), and a second terminal at the Chiang Mai International Airport, valued at THB 55 billion (USD 1.8 billion). Once completed, both airports will be able to handle up to 10 million passengers a year.

Other projects include the train line linking Don Mueang, Suvarnabhumi and U-tapao airports, as well as the Bangkok-Nakhon Ratchasima railway with China. In April 2019, the State Railway of Thailand (SRT) granted the concession for the high-speed rail project linking the three airports to a consortium led by the Charoen Pokphand Group (CP). 

(Sources: Bangkok Post)

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