The Government of Thailand has approved an investment of approximately THB1.49 for various transport megaprojects to improve and expand the country’s land, sea and air networks. The Ministry of Transport (MoTr) has also formulated a plan which will channel these investments into the construction of additional land, sea and air transport infrastructure across the country.
As part of the plan, MoTr will construct two new motorways including the 196 km M6 motorway linking Bang Pa-in and Nakhon Ratchasima, as well as the 96 km M81 motorway linking Bang Yai and Kanchanaburi. The projects are worth THB81 billion and THB 62 billion respectively.
Out of the total planned budget for the sector, projects worth THB516 billion have already been approved. Contracts for the remaining amount will be approved and finalised on a later date. Approximately THB1.24 trillion has been allocated for the procurement of raw materials and equipment for the transport projects.
The newly announced investment plan is expected to generate THB400 billion annually, equivalent to about 2.35 per cent of Thailand’s gross domestic product (GDP).
