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Thai transport minister says three mega projects to go ahead.

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| March 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Thai Press Reports)

Section: General News - Transport Minister Suriya Jungrungreangkit yesterday put the spotlight on three transportation mega-projects, saying it was critical they be implemented in the next four years, while the Thai Rak Thai Party was still in power, The Nation reports.

The three projects require a total investment of about Bt676 billion.

He said extension of the underground and elevated rail networks; an increase in the capacity of the Laem Chabang Deep Sea Port; and construction of a bypass road from Samut Sakhon to Cha-am were all top priorities for the Thaksin administration.

Aside from these three specific projects, he said the administration also wanted to improve the nation's highway system as a whole.

"After four years of healing and strengthening our economy, we have to prepare for strong, sustainable growth. We have to provide the basic infrastructure, particularly in transportation, to lay down a firm foundation for our development to proceed," said Suriya in a speech to the German-Thai Chamber of Commerce.

Suriya said the rail extension would cost about US$15 billion, or about Bt600 billion. He was quick to allay any concerns in the foreign community about the massive cost, saying less than a third of it would be shouldered by the government's ...

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