US$5.26 billion earmarked for new Greater Bangkok ring roads in Thailand

A total of US$5.26 billion (THB 160bn) will be set aside for new ring roads covering 254kms across Greater Bangkok as part of new infrastructure investment in Thailand over the next few years. The works are among a number of key transport infrastructure projects planned after the expected approval of a draft bill from Thailand’s Fiscal Policy Office agreeing new debt of $71.95 billion (THB 2.2trn). The bill is scheduled to take effect in the year beginning October 2014. Under the proposed bill, the Finance
January 4, 2013 Read time: 1 min
A total of US$5.26 billion (THB 160bn) will be set aside for new ring roads covering 254kms across Greater Bangkok as part of new infrastructure investment in Thailand over the next few years.

The works are among a number of key transport infrastructure projects planned after the expected approval of a draft bill from Thailand’s Fiscal Policy Office agreeing new debt of $71.95 billion (THB 2.2trn).

The bill is scheduled to take effect in the year beginning October 2014. Under the proposed bill, the Finance Ministry will be allowed to borrow funds from international or domestic markets, specifically for infrastructure investment. The budget will get 80% of the financing from the public sector.

Related Content

  • Spain’s 17 billion transport plan
    July 3, 2012
    The Spanish Government has set up its Extraordinary Infrastructure Plan (PEI), which is designed to stimulate the country’s economy and employment through investment in transport. In all the plan calls for public private collaboration investment of €17 billion, with €11 billion being used for new works and €6 billion for renovation and maintenance. Spending on roads will take €5.1 billion and the tender process for the various projects will commence in the second half of 2010. The economic impact on public
    Read More
  • Germany sets up National Cycle Plan 3.0
    July 21, 2020
    Germany’s three-year national strategy carries on from previous strategies.
    Read More
  • Improving road safety in Europe?
    July 24, 2012
    New plans by the European Commission are being proposed in a bid to reduce accident levels on the road. The changes are being made in a bid to reduce accident levels caused by defective vehicles. Under the new rules, all motorcycles and scooters would require technical inspections at regular intervals.
    Read More
  • A series of key road projects are underway in Russia
    September 11, 2013
    A series of major road projects are planned for various parts of Russia that will improve connectivity. These include the Moscow-St Petersburg highway, work to the transportation system in the Rostov region and a new bridge over the Belaya River in Ufa. The tender process for the contract to build, maintain, repair, and operate a section of the Moscow- St Petersburg highway has been announced by Avtodor. The section is from the 334th to the 543th kilometre. The contract will call for the construction work t
    Read More

Highlighted Content