After delays, ground broken for Thailand-China railway project

After delays, ground broken for Thailand-China railway project

Construction of a long-awaited Thai-Chinese railway line that will link Thailand, Laos and China officially began on Thursday with a ground-breaking ceremony in the northeastern Thai province of Nakhon Ratchasima.

The first phase of the project, a 250-km (155 mile) high-speed rail line linking Bangkok to Nakhon Ratchasima, is expected to be operational in 2021.

The full line is expected to stretch 873 km (542 miles), linking Thailand and Laos at the northeastern Thai city of Nong Khai.

It is part of Beijing’s ambitious Belt and Road infrastructure drive, which aims to build a modern-day “Silk Road” connecting China to economies in Southeast and Central Asia by land and the Middle East and Europe by sea.

But the Thailand project, which began in 2014 with formal talks, has been beset by delays, including disagreements over the design and funding as well as technical assistance.

Prime Minister Prayuth Chan-ocha on Thursday presided over a ceremony to begin construction of the first, 3.5-km section of the railway.

“Thailand is developing in every aspect to become the centre of connectivity … and this route is to connect to Cambodia, Laos, Myanmar and Vietnam to China, India and further to other countries,” Prayuth said in a speech.

Completion of the first section is expected to take six months, according to the transport ministry.

In September, Thailand signed two contracts worth USD 157 million with Chinese state enterprises covering the engineering design of the project and the hiring of Chinese technical advisers.

Ananda to build condos at Khlong Toei MRT in Rama 4 area

Ananda to build condos at Khlong Toei MRT in Rama 4 area

Ananda Development PCL has opened a new condominium project next to the Khlong Toei MRT station featuring a solar-powered fresh-air system and 4D hologram model presentation.

Pre-sales for the Ideo Mobi condominium start on December 2, with entry prices at THB 5.99 million per unit.

Chanont Ruangkrittiya, president, and CEO of Anana Development PCL, said the Rama 4 area is gaining popularity as it is located between Asoke and Silom commercial districts.

He said 89 percent of condominiums located within 500 meters of the MRT (for the period 2012 to the first half of 2017) have been sold. Prices average approximately THB 200,000 per square meter.

“Each year the value rises as much as 7 percent and the average distance from the MRT station is 350 meters. Ideo Mobi is the only project that is located at the station,” he said. “It is also close to the expressway entrance.”

The most popular condominium venues are located from Khlong Toei to Sala Daeng junction, he said.

Ideo Mobi Rama 4 is a 36-story high-rise condominium with 486 units.

 

Click here for more information on Ideo Mobi Rama 4

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