Business

High Speed Rail Deal Bidding ahead for 2014

International bidding for Thailand ‘s procurement of high-speed trains to carry passengers and cargoes will likely be held in Q-3 of Y 2014, according to Thai Transport Minister Chatchart Sitthipun.

Published

7 years ago

November 12, 2013

Kanya Wattanaporn

The bidding by various foreign firms to win the Thai high-speed train project would likely be held from Q-3 of next year until Y 2017 while the construction of the railways and the procurement of those trains are scheduled to be completed within Y 2020, the minister said on Friday.

For the time being, environmental impact assessments are yet to be finished, regarding the planned routes for the high-speed trains with a main station in Bangkok.

Thailand ‘s procurement of high-speed trains to carry passengers and cargoes will likely be held in Q-3 of Y 2014

Those routes include Bangkok – Pitsanuloak, which will be extended to Chiang Mai City, viewed as the country’s northern logistical hub and tourist destination hub;

Bangkok – Nakorn Ratchasima, which will be extended to Nong Khai province, viewed as a gateway to the Lao capital of Vientiane;

Bangkok – Rayong, the country’s eastern seaboard industrial hub and deep-sea port;

Bangkok – Hua Hin, viewed as a flourishing tourist destination and gateway to the southern region.

No matter who finally win the bidding for the high-speed trains, all the railways running through those provinces will apply the same operational systems, according to the transport minister.

Chatchart said he will leave for Kunming city in southern China some time next month to discuss the US$4.9-B high-speed rail project with senior Chinese government officials. He did not go into details.

Chatchart said the Thai and Chinese governments might probably agree to dealing in some barter trade between Chinese high-speed trains and Thai farm goods such as rice and rubber. He did not elaborate.

He confirmed that the Chinese have planned to run high-speed trains laden with tourists and merchandise from Kunming to Nong Khai, across the international Mekong River from Vientiane.

via Thailand: High Speed Rail Deal – Live Trading News.

Business

Thailand’s automotive sector expected to produce 1.4m cars this year

This increase in output is a result of the recovery of domestic and export markets, with the annual output for 2021 expected to be around 1.4 million.

Published

2 days ago

January 25, 2021

National News Bureau of Thailand

Thailand Automotive Institute (TAI) anticipates the overall output from Thailand’s automotive sector this year to be around 1.4 million cars. They are, however, still cautious over automobile exports until at least March this year, due to the resurgence of COVID-19 cases around the world.

(more…)

Banking

Can Fintech drive a strong post-COVID-19 recovery in Asia?

The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.

Published

1 week ago

January 19, 2021

Asian Development Bank

To say 2020 has been a challenging year is a massive understatement. The COVID-19 pandemic has quickly undermined development gains from recent decades and slowed growth in many Asian economies.

(more…)

Business

Asia’s supply chains to be tested by COVID-19 vaccine delivery

The global logistics company DHL estimates that global vaccine coverage will take around 200,000 pallet shipments and 15 million deliveries in cooling boxes as well as 15,000 flights.