The Board of Investment general says in the latest BOI meeting that measures are to be taken to attract investment in the rail development and other infrastructure for consistent economic growth. And thus it is decided that the investment projects related to this sector will receive a 50% tax break for the first 3 to 5 years.
Not only railways, but Thailand is investing 1.9 trillion baht for the improvement of overall infrastructure under the Thai Transport Infrastructure Development Plan (2015-2022).
The Key Infrastructure Projects
- Intercity rail network development;
- Public transportation network development to solve traffic problems in Bangkok and suburbs;
- Marine transport network development;
- Enhancement of air transport service capacity;
- Increase highway capacity to connect Thailand’s key production bases with the neighboring countries;
All we all know that the country has a world-class rail system, investing in this sector can be a great opportunity, for sure. Well, speaking of the infrastructure development in transportation (2015-2022) by the Office of Transport and Traffic Planning is expected to be laid by 2020.
The dual-track railways initiative when completed is expected to revamp the rail network within the provinces and connect the production bases in both rural and neighboring countries. On the other hand, The Thai-China high-speed rail project aims at linking tourism destinations while reducing time travel in satellite cities by 2020. For that, Thai and Chinese authorities are planning to build a high-speed line that stretches from the northeastern province of Nong Khai to Bangkok.
Typically, this project includes four main lines, including Bangkok-Chiang Mai, Bangkok-Rayong, Bangkok-Nong Khai, and Bangkok-Padang Besar. Next is the mass rapid transit in Bangkok. This project includes five lines, such as the blue line, the airport rail link, the light green line, the purple line, and the dark green line.
