The State Railway of Thailand (SRT) has allocated around THB1.5 billion to procure new electric locomotives for rail lines across the country. The plan has been approved by the National Economic and Social Development Council (NESDC).
The agency is exploring alternative procurement methods, such as adopting an operating lease or a financial lease, which are commonly used in the aviation industry but has not been implemented so far by the SRT.
Additionally, the SRT will also add 182 new carriages to its fleet. For its cargo division, the agency has allocated THB2.4 billion to procure 946 new rail cars.
SRT had initially proposed procuring diesel units as a part of its modernisation program.
