Thailand highway project requires extra financing

Additional financing is required to help progress work on Thailand’s Bang Yai-Kanchanaburi highway project. An extra US$244 million is needed to push ahead with the work, which has been delayed due to problems in buying land. A key issue is that land costs have doubled in the area since the project was first approved by the Government of Thailand. Just 25% of the land required has so far been purchased.
June 14, 2019 Read time: 1 min
Additional financing is required to help progress work on Thailand’s Bang Yai-Kanchanaburi highway project. An extra US$244 million is needed to push ahead with the work, which has been delayed due to problems in buying land. A key issue is that land costs have doubled in the area since the project was first approved by the Government of Thailand. Just 25% of the land required has so far been purchased.
Finance & Funding

Related Content

  • Thailand expressway contract funding
    May 7, 2019
    The Kasetsart Intersection-Nawamin Road northern expressway project in Thailand is expected to require funding worth US$457 million. Also called the N2 expressway, the 12.2km stretch of expressway will benefit from financing raised through an IPO organised by the Thailand Future Fund (TFF). The project has been delayed due to objections from the Kasetsart University over concerns at the expressway’s impact the structure of campus buildings. A number of other buildings lie close to the route and there may ha
    Read More
  • Thai government prioritises five new roads worth US$9.27 billion by 2020
    April 24, 2013
    The Thai government has prioritised the construction of five roads worth US$9.27 billion (THB 267bn) and totalling 705km in length by 2020. Chula Sukmanop, director general for Thailand’s Office of Transport and Traffic Policy and Planning, said that three of the new roads will be financed by a loan secured by the government. The new highways being built include Bang Pa-in-Nakhon Sawan Road at a cost of $1.293 billion (THB 37.3bn) and Nakhon Pathom-Cha-am Road at a cost of $1.529 billion (THB 44.10bn). The
    Read More
  • Florida highway rebuild project
    May 2, 2018
    Rebuilding a congested stretch of highway in Florida will cut congestion and boost safety for commuters - Mike Woof writes. Florida’s 214km-long I-4 highway provides a key transport route between Tampa and Daytona Beach, but has an unenviable reputation for both congestion and safety, with frequent delays due to heavy traffic as well as crashes. The stretch running through the city of Orlando is particularly prone to jams at peak periods, with huge traffic volumes resulting in vehicles having to slow to a c
    Read More
  • Costa Rica road projects moving forward - slowly
    July 18, 2017
    Costa Rica is moving ahead with a series of major road projects, but progress is proving slower than anticipated or desired. The Costa Rica Government is struggling to achieve satisfactory progress with its overall road improvement programme. So far the key focus has been on maintaining existing links rather than building and improving road connections. The country’s National Laboratory for Structural Material and Models (Lanamme) has produced a report revealing that 85% of the national roads are in accepta
    Read More

Highlighted Content