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24x7Report > Blog > Finance > Thai High-Speed Rail Project Set For Completion in 2030, Government Says
Finance

Thai High-Speed Rail Project Set For Completion in 2030, Government Says

Last updated: 2025/01/30 at 6:46 AM
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Thai High-Speed Rail Project Set For Completion in 2030, Government Says
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Thailand’s authorities expects its portion of a high-speed railway that can join it with China by way of Laos to start operations by the tip of the last decade, regardless of sluggish progress since building started in 2017.

The development of the primary section of the road linking Bangkok and Nakhon Ratchasima province is at present about 36 % full, authorities spokesman Jirayu Houngsub mentioned in an announcement yesterday, the Bangkok Publish reported.

The design for the second section that can lengthen the rail line to Nong Khai on the border with Laos has been finalized and is able to be submitted to the cupboard for approval, Jirayu mentioned. He added that the primary section is on monitor for completion by 2027 and your entire 609-kilometer line by 2030.

Jiraya added that the completion of the rail line, which is estimated to value 434 billion baht ($12.9 billion), will be “a chance for Thailand to connect with the worldwide economic system” and underscore its standing as a regional logistics hub.

The proposed rail hyperlink will run Bangkok to the Nong Khai on the border with Laos, the place it is going to hook up with the China-Laos Railway, a flagship undertaking of China’s Belt and Street Initiative (BRI), which started operations in late 2021. When the hyperlink is accomplished, will probably be potential to journey by practice from Bangkok to Kunming, the capital of China’s Yunnan province, and from there to the remainder of China by way of the nation’s in depth high-speed rail community.

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Discussions on the Thailand high-speed line began practically 20 years in the past, and the undertaking was formally initiated in 2014. Building then started in December 2017 on the Bangkok-Nakhon Ratchasima leg of the undertaking. Nevertheless, progress has been sluggish as a result of disagreements on value and mortgage phrases, the COVID-19 pandemic, and challenges associated to land improvement rights. Simply final month, the board of the State Railway of Thailand approved the extension of contracts for 3 segments of the rail line by as much as two years, citing difficulties from land expropriation and the relocation of oil pipelines alongside its route.

The gradual progress has reportedly been a topic of frustration in Beijing. Throughout a go to to Bangkok in January of final yr, Chinese language Overseas Minister Wang Yi referred to as for China and Thailand to expedite the development of the rail line and “open the central line of the Trans-Asian Railway.” Like different deliberate high-speed railway traces connecting Yunnan province with Myanmar and Vietnam, the road by way of Thailand and Laos is meant to deepen the financial integration between mainland Southeast Asia and southern China, which has traditionally been inhibited by the rugged and closely forested terrain.

Since taking workplace in 2023, the Pheu Thai-led authorities has promised to speed up the completion of the railway undertaking, which chimes with its targets of attracting extra commerce and tourism from China and positioning itself because the “logistics hub of Asia.”

Talking to the press yesterday, spokesperson Jirayu mentioned that Prime Minister Paetongtarn Shinawatra has ordered the expedition of the high-speed rail undertaking, together with separate initiatives to double the monitor of a few of Thailand’s present railway traces and assemble a “land bridge” throughout the Isthmus of Kra within the south of the nation.

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Given the repeated postponements which have attended the primary eight years of the undertaking’s building – in late 2023, the Thai authorities was projecting that the undertaking can be completed by 2028 – it’s proper to treat the 2030 deadline with a level of skepticism, even when the railway line is finally constructed.

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TAGGED: Completion, government, HighSpeed, Project, Rail, set, Thai

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