Monday, September 28, 2020

SRT green-lights private sector rail investment

Jul 16. 2020
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By The Nation

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.

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