Thai Cabinet approves 200b baht rail project to link airports
[BANGKOK] Thailand's cabinet approved on Tuesday a high-speed railway project, expected to cost 200 billion baht (S$8.39 billion), that will link three airports, a government official said.
The approval comes at a time when surging tourist arrivals have put some strain on Thai infrastructure.
The rail link will connect the two airports in the Bangkok area - Suvarnabhumi International and Don Mueang International - with U-Tapao, built during the Vietnam War in the eastern province of Rayong.
Tourist receipts account for about 12 per cent of gross domestic product in Southeast Asia's second-largest economy.
The government expects 37.55 million foreign visitors this year after a record 35.38 million last year.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Malaysia’s RHB Bank doubles green loans target to RM50 billion
CGS International aims to grow as a China-Asean nexus: CEO
Singapore ready to harvest economic opportunities in the Philippines: Vivian Balakrishnan
Indonesian volcano eruption forces evacuations, airport closure
Apple CEO to meet Lawrence Wong at end of whirlwind Asia tour; firm to invest US$250m to expand Ang Mo Kio campus
Vietnam’s EV maker VinFast reports narrowing losses even as sales fall