Connect with us

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

on

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.

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 ranked 3rd in ASEAN on Economic Freedom Index

Thailand has a business freedom index of 85.3 out of 100. This is a big improvement over last year, which helped to increase the country’s overall score to 69.7, a 0.3 point jump from last year.

Published

on

Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries and 42nd in the World on the most recent on Economic Freedom index. Singapore tops the list for the second consecutive year, followed by New Zealand and Australia.

Loading...
(more…)

Continue Reading

Business

Why Thai Firms Should Care About the Career Stage of China’s Officials

In Chinese bureaucracy, large-scale leadership turnover happens every five years, right on the heels of the Party’s National Congress: think of it as a window of opportunity for promotions, but with a few constraints

Published

on

Governments typically set a wide range of goals. This is reasonable and expected: For a society to grow sustainably, social stability-related targets are just as critical as economic ones.

Loading...
(more…)

Continue Reading

Business

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry

Last year, Thailand removed cannabis and hemp leaves from its list of banned narcotics (seeds and buds remain banned).

Published

on

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years, but farmers stand to make little from growing the herb, experts say.

Loading...
(more…)

Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,819 other subscribers

Trending