bizAsia - the entry point to Asian business. Updated every hour around the clock.
With ThaiStockWatch.com you select what you want to know about - and we notify you instantly when there's news. CNNFN - the financial network
  - the entry point to Asian business.
Main
Front Page
News Overview
       By Release Time  
       By Subject
About BizAsia
Stock Markets
Terms of Use
You & BizAsia
Hot Topics Forum
Mailing list
Mail a friend
Privacy Policy
Search BizAsia 
Bizpages All
   
 
Holiday in Phuket? Check out Ya-Nui resort Yanui Resort
Thailand's first daily business newspaper
Sethi Embroidery. Quality embroidery at Thai prices
When IT development has to add to the bottom line - for you also.
Fighting misinformation about the deadly disease
  Articles 2
Local Color   2006-11-08 08:26:26-05
Government set to unveil new mass transit system by 2012
Bangkok, Nov 8: Thailand's interim government has given the green light to build five new subway and elevated rail lines that will link central Bangkok with surrounding areas, pushing ahead with plans to expand the Thai capital's public transportation system.
 
The 165.4 billion baht project, will be completed within the next 6 years, includes four elevated rail lines that will be added to Bangkok's Skytrain system and one subway line, said Prime Minister Surayud Chulanont.
 
The mass transit blueprint was part of a number of megaprojects initiated under the previous government.
 
Funding will be supplied by the government and through borrowings, said Finance Minister Pridiyathorn Devakula, noting that one possible source was the Japan Bank for International Cooperation, known as JBIC.
 
The approval in principle of the five routes are the Blue, Red, Dark Green, Light Green and Purple lines.
 
The government plans to conduct an environmental impact study over the next two months and hopes to complete the bidding process for the project next year.
 
Transport Minister Theera Haocharoen said the government would find ways to keep fares at affordable levels and prevent an operator's monopoly.
 
The construction of some railway lines should start within the next year while the Finance Ministry will consider the proportion of loans and state funds to pay for the construction, he added.
 
If the public do not oppose the five railway lines, Pridiyathorn said the terms of reference and other bidding documents should be available for interested parties by March. The government also approved a budget for the feasibility studies and designs of the other railway lines, reports the Bangkok Post.
 
Thaksin's government had planned to add 10 mass transit routes, worth 550 billion baht.
 
Pridiyathorn said last month that the new government might not build all 10 lines but would select the routes considered the most important.
 
Bangkok's subway system opened last year and is capable of serving about 200,000 passengers a day. Its single 20-kilometer (12-mile) line spans 18 stations from central Bangkok to outlying areas.
 
The subway complements an elevated light rail system, known as the Skytrain, that was launched in 1999. The mass transit projects are aimed at easing the capital's notoriously congested traffic.
Most Recent 'Local Color' Pages
2007-02-09 07:45:34-05  Bt1bn spending expected for Valentine's Day: KRC
2007-02-05 22:47:24-05  Woman reunited with family after 25-year detour
2006-12-27 22:29:04-05  Queen prompts Thailand to restrict 'Coyote Ugly' dance troupes
2006-12-04 03:37:21-05  Some Pattani schools reopen
2006-11-15 21:19:40-05  World Toilet Expo kicks off in Bangkok
2006-11-08 08:26:26-05  Government set to unveil new mass transit system by 2012
2006-09-23 02:53:08-04  Thailand coup makes 'Bangkok Dangerous' for Nicolas Cage
 

By using this site you agree to abide to the Terms of Use       © 1996-2002 BizAsia.com All Rights Reservved