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IRJ-
Thailand approves budget for $US 11.6 billion rail plan THE THAI government’s transport mega-project committee has approved a Baht 367.3 billion ($US 11.6 billion) budget for the construction of five double-track lines with a total length of 2644 km.
The government plans to invite private companies to invest in the new lines under concession agreements, and it says rolling stock manufacturers will be given priority in the bidding process if they agree to set up manufacturing sites in Thailand.
The new lines are intended to increase rail’s share of the freight market from 2.8% to 10%.