UBON RATCHATHANI, 22 September 2012 – The Transport Ministry is set to continue the development of the country’s rail transport system during fiscals 2013 and 2020.
Transport Minister Charupong Ruangsuwan said on Friday that the ministry will be playing an important role in the reconstruction and future development of Thailand.
Mr. Charupong said that, in order to implement such a plan, Thailand will likely need around 2.2 trillion baht, which can be raised through domestic and overseas borrowings.
For the Transport Ministry, the construction of the rail transport system is a focus, as it can be an effective tool in lowering costs in times that oil prices continue to rise.
The Transport Ministry stated that the rail transport system will also enhance the country’s transport industry while helping it better compete with other countries within this region.
However, he conceded that land, marine and air transports are still needed to perfect the whole system.
Mr. Charupong added that the Transport Ministry is poised to further develop international transport systems with Bangkok set as the center in this region.