Thailand is advancing its high-speed rail infrastructure, with the Cabinet approving the second phase of the Thai-Chinese high-speed train project. This expansion, valued at 341.35 billion baht, aims to enhance connectivity with Laos and China, paving the way for significant foreign investments.
Government spokesperson Jirayu Houngsub announced that the approval was granted during a Cabinet meeting chaired by Prime Minister Paetongtarn Shinawatra, just ahead of her official visit to China from Wednesday to Saturday. In addition to endorsing the railway project, the prime minister directed relevant ministries to expedite initiatives that facilitate Chinese investment and tourism.
The second phase of the high-speed rail line will extend from Nakhon Ratchasima to Nong Khai, which borders Laos. The Transport Ministry has been tasked with closely overseeing its implementation. Transport Minister Suriya Jungrungreangkit informed the Cabinet that the project will span 357.12 kilometers, with construction expected to commence this year and operations projected to begin in 2031. This railway will seamlessly link with the China-Laos high-speed rail network, further strengthening regional connectivity.
During her visit to China, Prime Minister Paetongtarn has instructed ministers to enhance bilateral economic, trade, and investment relations, with a focus on fostering long-term partnerships. She specifically emphasized the need to prioritize green and digital industries, including electric vehicle manufacturing, semiconductor production, and the development of data centers.
Additionally, the prime minister directed the Agriculture and Commerce Ministries to ensure that Thai food and agricultural exports meet China’s stringent safety standards. To attract further investment from China, she also urged the Transport Ministry to accelerate the development of the southern land bridge project.
Source: The Nation
Yours sincerely,
The editorial team at Invest Bangkok Property