New high-speed railway to help upgrade Thailand's railways

Image
ANI Pak Chong [Thailand]
Last Updated : Dec 25 2017 | 10:15 AM IST

The upcoming China-Thailand high-speed railway will help to upgrade Thailand's rail transport system and unleash economic potentials along the new route.

Once the route connects the Thai capital Bangkok with China and other countries, it would help attract more foreign tourists and narrow down the regional economic disparity of Thailand, Xinhua reported.

The construction of the first section of the railway line officially began on Thursday, with a ground-breaking ceremony in Nakhon Ratchasima, located in north-eastern Thailand.

The first phase of the railway line will span around 253 km. It will link Bangkok and Nakhon Ratchasima respectively. China will be responsible for the design of the railway line and construction and manufacturing of trains and signal systems.

The second phase will link Nakhon Ratchasima with Nong Khai on the Thailand-Laos border. It will also be further connected to the proposed China-Laos railway line, which will form an arterial railway line connecting Thailand, Laos and China.

Huang Bin, the director of Kasikorn Research Center, Bangkok said: "The China-Thailand high-speed railway project will help upgrade Thailand's railway system. It is foreseeable that the railway will bring wide-reaching connectivity in the country while reducing logistics costs, and thus make Thailand ASEAN's (Association of South-East Asian Nations) trade and investment centre, as well as a transport and logistics hub."

The China-Thailand railway project is a joint collaboration between the two countries, under China's Belt and Road Initiative.

The project also aims to build a modern-day 'Silk Road', in line with the ancient Silk Road trade route, that will connect China with the countries in South-East and Central Asia, Middle East and Europe by land and sea.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 25 2017 | 10:15 AM IST

Next Story