The government will use a public-private partnership (PPP) model for train operations and signaling systems used with the new Purple mass-transit rail line in Bangkok. Talks have already been opened with four or five Japanese trading conglomerates about investing in the Bt50b Purple Line, said Theeraj Athanavanich, director of the public infrastructure financing bureau of the Public Debt Management Office (PDMO). The PDMO plans to use the PPP model for two phases of the Purple line, covering train operations and investments in the signaling system, which combined are projected to cost Bt13b. Mr Theeraj said the PDMO would sound out potential investors worldwide about participating in the program later this year. (Bangkok Post)
Leave a reply
The Demographic Advantage: Why Southeast Asia’s Economic Future Looks Promising
Southeast Asia's economic future looks promising, largely due to its demographic advantage. With a young and dynamic workforce, a burgeoning middle class, and rapid urbanization, the region is poised for sustained growth and development in the coming years. Discover how these factors contribute to Southeast Asia's bright economic prospects.
Thailand Retirement Ranking Improving
To see the Thailand Retirement Ranking improving delighted the Thai Prime Minister Prayut Chan-o-cha said government spokesman Anucha Burapachaisri. In...
Thai Stock Market Analysis May 9, 2022: How Much Lower Will the the SET fall?
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...
