SRT green-lights private sector rail investment
The State Railway of Thailand (SRT) today gave a green light for the private sector to jointly invest in train operations, management of commercial space in stations, and construction of the future Bangsue-Rangsit Red Line extension.
Transport Minister Saksayam Chidchob said the joint investment will help the state agency save budget at a time when the government needed to fund relief measures for people hit by the impact of Covid-19.
The SRT board’s resolution will be put to the ministry and then the Cabinet for approval.
SRT board chairman Chirute Visalachitra said the partnerships would be formed on a Public-Private Partnership Net Cost basis. This means private partners will collect all revenue and share an agreed amount with the SRT.
