SRT unveils Red Line extension

Asia's Tech News Daily

The State Railway of Thailand (SRT) has unveiled a plan to add four more extensions to its Red Line electric commuter train service and grant a concession for operating the route to whichever private party is selected as a public-private partnership (PPP) investor for the project.

The Red Line network will comprise six sections in total worth 188 billion baht in investment value, two of which have already been constructed and open for free trials since Aug 2, said Khanaphot Wachirakamthon, assistant manager of the Red Line project.

The two existing sections are the 26.3 kilometre Bang Sue-Rangsit section and the 15.3km Bang Sue-Taling Chan, for which construction costs totalled 108 billion baht, he said.

The four planned extensions are the 25.9km Bang Sue-Phayathai-Makkasan-Hua Mak section that includes the Bang Sue-Hua Lamphong missing link and requires 49.6 billion baht in funding; the 8.84km Rangsit-Thammasat University section that requires 6.6 billion baht in funding; the Taling Chan-Salaya section that requires 10.6 billion baht; and the 5.7km Taling Chan-Siriraj section that will cost 4.7 billion baht, he said.

The SRT began sounding out the market online on Tuesday following an order by Transport Minister Saksayam Chidchob that it revise its previous investment plan for the project, Mr Khanaphot said.

A consultant has been hired to assist with the revision, he said.

Market sounding is a prerequisite before bidding is held to find a private partner in the SRT’s PPP investment in this project.

Under the investment plan, the bid winner will be granted a 50-year concession to operate the Red Line service, Mr Khanaphot said. The bidding is expected to take place next June while construction of the various extensions is due to begin in June 2023, he added.

Construction of the Rangsit-Thammasat University, Taling Chan-Salaya and Taling Chan-Siriraj extensions are expected to conclude in 2026 and open that same year, he said.

Work on the Bang Sue-Phayathai-Makkasan-Hua Mak section together with that of the missing link from Bang Sue to Hua Lamphong should finish in 2028 so they can also open that year, he said.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Buy ICICI Bank; target of Rs 1000: Motilal Oswal

Motilal Oswal’s research report on ICICI Bank We attended ICICIBC analyst day, where the management highlighted how the strengthening of its digital capabilities is helping transform the bank and increase ... Read more »

Pick-up hit by bomb, forest ranger injured

A pick-up truck is seen on Road 4107 in Rangae district of Narathiwat on Monday after it was damaged by a roadside bomb. (Photo: Abdullah Benjakat) NARATHIWAT: A forest ranger ... Read more »

Next pandemic could be more lethal than COVID-19: Vaccine creator

India has now reported 21 cases of the Omicron variant, 17 of which were reported on the same day of December 5. [Representative image] Future pandemics could be even more ... Read more »

Buy Ratnamani Metals and Tube: target of Rs 2500: Sharekhan

Sharekhan’s research report on Ratnamani Metals and Tube New order bookings grew by 2.3x y-o-y to Rs. 2,700 crore during April-Nov’21 and management sees monthly order execution of Rs. 250-300 ... Read more »

Lego, Target collaborate for limited-edition merchandise collection

Photo by: Target Press Release Lego and Target finally released colorful items for their “Lego Collection x Target” limited edition merchandise. The collaboration was first announced in October, but the ... Read more »

Moneycontrol Pro Panorama | Mr Market stares at a treacherous terrain

Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by ... Read more »

Didi Chuxing sued by American shareholders over stock plunge caused by Chinese regulatory changes, data-collection inquiry

Didi Chuxing is facing a new problem: angry American shareholders. The operator of China’s dominant ride-hailing app is facing at least two lawsuits filed in courts in New York and ... Read more »

China's regulators suspect Didi's US listing was ‘deliberate act of deceit', a portrayal that shows severity of mistrust, sources say

China’s government regulators suspect the initial public offering by Didi Chuxing in New York on June 30 was a deliberate act of deceit, a characterisation that underscores the severity of the fundraising ... Read more »

Elliott wave pattern indicates Nifty to remain in broad range of 16,950-17,400

Ashish Kyal is Founder of WavesStrategy.com and Ashish Kyal Trading Gurukul Nifty Volume Profile with Elliott Wave For Accurate Forecasting! The Nifty has continued to be ‘Sell On Rise’ that ... Read more »

Buy Can Fin Homes: target of Rs 712: Sharekhan

“India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries ... Read more »

Buy Ultratech Cement; target of Rs 8970: Hem Securities

Hem Securities report on Ultratech Cement Consolidated volumes rose 8% YoY to 21.64mt with India volumes up 8% YoY. EBITDA for Q2FY22 stood at ₹2,714.7 Cr, up 0.63% YoY and ... Read more »

Buy Eris Lifesciences; target of Rs 954: Prabhudas Lilladher

Prabhudas Lilladher’s research report on Eris Lifesciences Eris Lifesciences (ERIS) announced its entry into India’s Insulin and GLP1 agonists market through JV with MJ Biopharm. The 70:30 Joint Venture (with ... Read more »

‘The app is a copycat': Meesho's Vidit Aatrey on competition from Flipkart and Amazon, evolution of social commerce and more

Vidit Aatrey, Founder & CEO, Meesho Meesho is emerging as a dark horse in the cutthroat e-commerce wars in India, which was so far dominated by Amazon and Flipkart. SoftBank-backed Meesho ... Read more »

Buy ICICI Bank; target of Rs 950: Emkay Global Financial

Emkay Global Financial’s report on ICICI Bank ICICI Bank is focusing on hyper-personalized digital offerings – be it retail, SME or corporate – to improve customer experience and thus capture ... Read more »

Tech talent most in demand as Singapore hiring picks up in 2022: Surveys

SINGAPORE (THE BUSINESS TIMES) – As Singapore hiring activity picks up in 2022 and workers look to switch jobs, tech talent will be particularly in demand, according to two surveys ... Read more »

Online seminar: this is how you can regain success at the fair after a great year

With the fantastic stock market year almost over, it is high time to look at the opportunities for 2022. We have seen major differences in returns between the various stocks ... Read more »

Toyota Kirloskar Motor partners with Karnataka Bank for financing solutions

Toyota Kirloskar Motor (TKM) on Monday said it has partnered with Karnataka Bank to finance its vehicles across cities and towns in India. The company has signed a memorandum of ... Read more »

Costs and shortages hit growth outlook and Omicron could add further risk - CBI

Britain's economic recovery is forecast to remain "pretty firm" though prospects have been dampened by the emergence of "short-term headwinds" according to a new forecast from the business group. Read more »

LG Electronics scores win against Tinno Mobile over patent case

Photo by: LG Press Release LG Electronics officially pulled out its mobile phone business this year, and now it is running after companies that it believes violated its patent rights. ... Read more »

Attention for Intertrust on Damrak after CSC takeover bid

Photo: ANP On Monday, attention will be focused on Intertrust at the Amsterdam stock exchange. The financial services provider has agreed to a takeover offer of 20 euros per share ... Read more »

AFSPA should be repealed: Meghalaya CM Conrad K Sangma

Meghalaya Chief Minister Conrad K Sangma on Monday said that the Armed Forces (Special Power) Act, 1958 should be repealed as he joined the growing chorus for withdrawal of the ... Read more »

Tax authorities fill in deductible items with tax assessment themselves

Photo: ANP Many Dutch people will receive a provisional assessment for next year in the coming weeks. A new feature is that the tax authorities automatically fill in the deductible ... Read more »

1 tourist killed, 8 injured in van crash

Rescuers help passengers of a van after it crashed while descending from Doi Ang Khang in Fang district of Chiang Mai on Monday. (Photo: Panumet Tanraksa) CHIANG MAI: A van ... Read more »

Honda issues recall for 725,000 SUVs and trucks in the US

Photo by: emrecan arık/Unsplash Honda recalls around 725,000 units of vehicles after the discovery of an issue with the hoods. It was reported that the mentioned car part could pop ... Read more »

Delhi govt to organise international level stage play on life of BR Ambedkar: Arvind Kejriwal

File image of Delhi Chief Minister Arvind Kejriwal (Image: ANI) The Delhi government will hold an international level stage play based on the life of Babasaheb BR Ambedkar at the ... Read more »

Financial intermediaries must be kept in check to avoid a repeat of the 2020 turmoil

Investment funds and asset managers are playing an ever more crucial role in the financial system. They provide funding in areas that traditional banks do not cover, manage and share ... Read more »

Banking Central | Battling with inflation, MPC sees Omicron as new cause for concern

The bi-monthly review of the Monetary Policy Committee (MPC), the outcome of which will be announced on December 8, will likely be a quiet affair. The general consensus among economists ... Read more »

Intertrust comes into the hands of industry peer CSC

Last month, Intertrust announced that it had been approached by several parties about an acquisition. Investor CVC Capital Partners was willing to pay 18 euros per share. But exclusive talks ... Read more »

Inox Wind shares rise 5% as subsidiary looks to raise up to Rs 500 crore via IPO

Inox Wind’s share price added 5 percent to hit Rs 154.15 intraday on December 6 as its subsidiary is looking to raise up to Rs 500 crore by way of ... Read more »

Most Bought smallcases for November 2021

The year 2021 is slowly drawing to an end. With approximately 20 days or more for 2021 to wrap up, we take a step back to look at the Most ... Read more »

Hainan hosts first China Sporting Goods and Equipment Import Expo

The exhibition was attended by representatives of more than 300 companies from both China and other countries and regions of the world Read more »

Sanya city concludes its 25th Hainan International Wedding Festival

It was held on November 28-30 in the city's Tianya Haijiao coastal park Read more »

India's airlines add more non-stop flights to their networks as air traffic nears pre-pandemic levels 

Representative Image The domestic aviation market in India is now close to pre-pandemic levels. As of December 5, India recorded 30 consecutive days of domestic passenger numbers being over 300,000, ... Read more »

Asia's biggest flower market makes stars out of influencers

E-commerce is big business in China and influencers and livestreamers have made their fortunes showcasing products for luxury brands and cosmetics firms, now the nation’s horticulture industry is getting in ... Read more »

India-Russia partnership steady & strong: Jaishankar

The India-Russia partnership is unique and has remained remarkably steady and strong in a world of rapid geopolitical changes, External Affairs Minister S Jaishankar said. The India-Russia partnership is unique ... Read more »

Thailand detects first Omicron case

An airport staff member talks to a traveller at Suvarnabhumi Airport on Nov 15 2021. (Photo: Somchai Poomlard) Thailand has detected its first case of Omicron. The coronavirus variant was ... Read more »

Japan's Kirin seeks arbitration to help end Myanmar venture

BANGKOK — Japanese beverage giant Kirin Holdings said Monday it is seeking commercial arbitration in a dispute over unwinding its joint venture brewery in Myanmar. The company said it filed ... Read more »

Hong Kong's New World Development launches discounted housing in line with city's subsidised Housing Ownership Scheme

Hong Kong property firm New World Development has announced the launch of subsidised homes at discounts ranging from 40 to 50 per cent, aimed at helping lower income groups get ... Read more »

Elon Musk has strong views on hydrogen. Not everyone agrees

A car is fueled with hydrogen at the Frankfurt Auto Show IAA in Frankfurt am Main, Germany, on September 13, 2017.TOBIAS SCHWARZ | AFP | Getty Images Tesla CEO Elon ... Read more »

EXCLUSIVE | Competition is being reactive, many people threatened by our growth: Meesho founder Vidit Aatrey

Vidit Aatrey, Founder & CEO, Meesho Meesho is emerging as a dark horse in the cutthroat e-commerce wars in India, which was so far dominated by Amazon and Flipkart. SoftBank-backed Meesho ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic