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MONDAY, October 03, 2022
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37 infrastructure projects worth 1.49 trillion baht planned for 2022

37 infrastructure projects worth 1.49 trillion baht planned for 2022

MONDAY, February 07, 2022
2.3 k

The Transport Ministry has announced it will invest 1.49 trillion baht on 37 projects this year.

The funds will be divided among projects in two categories:

  • 516 billion baht for 13 ongoing projects
  • 974 billion baht for 24 new projects

Meanwhile, the 24 new projects are divided into five categories:

  • 281 billion baht for 12 road projects
  • 1.35 billion baht for building Nakhon Phanom Cross-Border Logistics Centre
  • 624 billion baht for five railway projects, namely:
  1. 124 billion baht for MRT Purple Line extension (Tao Poon-Rat Burana)
  2. 122 billion baht for MRT Orange Line (Tao Poon-Rat Burana)
  3. 85.3 billion baht for dual-track railway (Den Chai-Chiang Rai-Chiang Khong)
  4. 67.9 billion baht for dual-track railway (Ban Phai-Nakhon Phanom)
  5. 224 billion baht for a high-speed railway linking three airports
  • 7.56 billion baht for two sea projects, namely:
  1. 6.12 billion baht for a project to tackle coastal erosion
  2. 1.44 billion baht for restoring beaches
  • 59.4 billion baht for refurbishing Don Mueang, Chiang Mai, Chumphon and Ranong airports

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Bidding for government contracts has slowed down over the past two years with many projects being postponed due to Covid-19. Now that prevention measures are easing, the government will launch new bids to boost economic activities.

Bidding for the MRT Purple Line extension (Tao Poon-Rat Burana) was done at the beginning of this year.

Meanwhile, Asia Plus Securities said there is a positive outlook for the construction business this year now that the government has gone ahead with launching large-scale projects.

The next important project that will enter the bidding war will be the MRT Orange Line (Thailand Cultural Centre-Bang Khun Non). Bangkok Expressway and Metro (BEM) and BTS are expected to battle it out over this bid.
 

37 infrastructure projects worth 1.49 trillion baht planned for 2022