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Home  >>   Daily News  >>   thailand News  >>   Infrastructure  >>   Thai PM unveils $90bn infrastructure plan
NEWS UPDATES Asean Affairs    9 October 2012 

06-Oct-2012
 

Thai PM unveils $90bn infrastructure plan

The government is planning a massive investment of US$90 billion (2.75 trillion baht) to develop infrastructure.

The investment is to accommodate the launch of the Asean Economic Community (AEC) and economic expansion of the Greater Mekong Subregion (GMS).

The biggest investment in Thailand's history was announced by Prime Minister Yingluck Shinawatra in her opening address at the Thailand Investment Conference yesterday.

She said the GMS members are the key to connectivity and development in the Asean region.

The GMS comprises Yunnan and Guangxi provinces in China and the countries in the Mekong basin - Thailand, Cambodia, Laos, Myanmar and Vietnam. These five countries along with Yunnan and Guangxi cover 2.6 million square kilometres with a combined population of 326 million.

Ms Yingluck said GMS members have maintained steady economic cooperation and achieved considerable success in laying the foundations for economic cooperation.

During the fourth GMS summit held in Myanmar last December, leaders agreed that over the next two years they should cooperate to develop land transport to link trade and investment and to promote access to goods and services before the launch of the AEC in 2015.

Read the rest of the Story below...

 

First time outside China and first time in Bangkok: A Multi-Billion$ industry event
The 7th Railworld Summit 2012, Oct 24-26, 2012. The Dusit Thani hotel, Bangkok, Thailand

China’s leading event organizer CDMC (China Decision Makers Consultancy) and AABC (AseanAffairs Business Council) – the business platform of C.I.A. (China-India-Asean) and AseanAffairs- the only global media dedicated to SE Asia brings to Bangkok and Asean for the first time, the prestigious Rail World Summit 2012 to be held for the seventh time and first time outside China.
 

Southeast Asia is one of the most dynamic, fast-growing regions in the world today. It offers a market of 590 million people, rich natural resources, skilled labor, and an export industry concentrated in global high-growth sectors – all tied together in a free-trade area, ASEAN.

This year’s event will enter a new chapter in Bangkok, Thailand, 24th-26th October. The three-day summit will address the most critical industry issues in Southeast Asia and globally and will draw attendees from government, railway authorities, projects, equipment and technology companies, aiming to help to gauge the pulse of this dynamic industry and get caught up with the most cutting edge railway technologies.

The market for rail technology in Southeast Asia currently has a volume of approximately EUR 1.8 billion. The market will grow at a significantly higher level than other regions. We expect growth of 6% per year to around EUR 2.4 billion in 2016. Though the region makes up only a small share of market volume for railway technology in Asia compared to China, India and Japan, the region is very interesting for international players due to its relative openness and low local competition.

The summit has been extended to feature a post-congress full-day site tour on the third day, which is a tailor-made site visit with high-end reception designed to witness the remarkable advancement of industry facilities, and will leave with practical skills and new contacts.

The conference will draw over 270 participants, bringing together with government and association, railway authorities, metro/LRT operators, project owners, planning & design institutes, equipment & technology vendor and IT solution companies.
 

Some of the confirmed companies
from Europe, USA, China, India, Japan, Korea, Cambodia, Thailand, Indonesia, Malaysia......Beijing Subway Operation Co., Ltd,  Siemens, Chongqing Rail Transit Corporation, AEG Brazilian National Agency for Land Transport, Rutherford Global Power, China Railway Group Limited,  Balfour Beatty Rail,  Shanghai Shentong Metro Co., Ltd, Ministry of Railways P.R.C., ADB ,Knorr-Bremse SfS GmbH, Indian Railways, Beijing-Shanghai High-Speed Railway Co., Ltd, Bayer Materials, Korea Rail Networks Authority, GE Transportation,  BAE Systems, ABB Ashurst, EAO Zoller + Fröhlich GmbH, Kawasaki Heavy Industries Ltd.,Rockwell  Hitachi Cable, Nexans WaveTrain Systems, Itochu, Cisco   RZD ZOOMLION Komatsu, Halfen Rail Innovation Australia Pty Ltd, MAHLE Behr Industry Cooling Equipment (Tianjin) Co., Ltd.  Böhler Uddeholm, MITSUBISHI ELECTRIC CORPORATION, Rogers (Shanghai)

International Trading Co., Ltd. Freshfields Bruckhaus Deringer TOLL, Royal Cambodia railways, Nanjing Metro, Delhi Metro Rail Corporation,Konkan Railway Corporation Ltd. , Beijing Dinghan Tech Co., Ltd. , HOPPECKE Battery System GmbH, Crane Aerospace, CSM ERL Maintenance Support Sdn Bhd, Metrosolution Zublin, Mitsui & Co., Ltd., Fuji Electric, Voestalpine BWG GmbH & Co.KG, MRT Jakarta,  TUV Rhainland, Beijing General Municipal Engineering R & D Institute,  Guangshen Railway Co., Ltd   MOOG   Centro Sviluppo Materiali SpA Ashida ELECTRONICS (P) LTD. ,Technical Expert Network, UBM, Jindal Steel, Herbert Smith Bureau Veritas, China Railway 23rd Bureau Group Co.,Ltd. Bangkok Metro, Bangkok Metropolitan Authority, Land Public Transport Commission (SPAD, Malaysia).


Hurry! Seats are Limited! Receive discounts on Individual & multiple bookings before 5 Oct 2012.
Email rws@aseanaffairs.com to request for Delegate Registration Form, Agenda, Sponsor Prospectus.

Or Register at:  http://www.cdmc.org.cn/aa-rws2012/register.asp


The leaders also jointly announced a strategy for 2012-2022 to promote economic growth in the GMS region, which is a significant mechanism that will lead to closer cooperation in the third decade of the GMS grouping, Ms Yingluck said.

She stressed the need for connectivity in the region by creating supply chain and logistics systems.

She said Thailand, as an Asean hub, plays an important role in boosting connectivity and that the government plans to invest $90 billion in infrastructure projects such as the Thai-Lao high-speed train scheme and flood prevention and management projects.

A government source said the investment would cover seven years, while the main financial sources would come from borrowing.

Thailand will continue its proactive role in supporting the development of the GMS, Ms Yingluck said.
She said that government leaders in the GMS countries have collaborated closely to promote and strengthen economic ties.

Ms Yingluck said construction of major infrastructure projects in the region is getting under way. They include the Dawei deep-sea port in Myanmar and a project to build a highway to connect Dawei with Laem Chabang deep-sea port on Thailand's Eastern Seaboard.

Thailand has also begun urgent work to develop water management projects.

Ms Yingluck said GMS countries have geographical advantages as they are located between the Indian and the Pacific oceans, which link India and China.

The link between the Indian and the Pacific oceans will have significant implications in that it will increase the volume of trade and investment, which will bring great wealth to GMS countries, she said.

Meanwhile, Finance Minister Kittiratt Na-Ranong has urged state enterprises to make use of infrastructure investment opportunities in neighbouring countries.

He said state enterprises should be proactive in seeking opportunities rather than waiting for invitations from governments, especially for projects that would link regional logistics and transport systems.

"Since we have great potential to be the centre of a regional logistics system, we should try to make it happen," Mr Kittiratt said.

For example, as Myanmar plans to develop a deep-sea port at Dawei, the Port Authority of Thailand should study the possibility of joining in the project's investment, assessing its commercial viability, he said.

"This is not a policy; it is just an idea. I want state enterprises to consider these opportunities on their own, and if they are [ready to invest overseas], then go for it," Mr Kittiratt said.

Italian-Thai Development has a contract for Dawei, and Mr Kittiratt said the government is considering entering into a venture with the company.


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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

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