Infrastructure
Transport and shipping
Tea touted as solution to budgetary woes
As the government has found itself without enough cash to complete development projects scheduled in the current fiscal year, one cabinet member has aired an unusual proposal for financing the shortfall: tea money. Speaking in parliament on December 1, the minister for agriculture, livestock and ...
Makkasan land deal derails
The Finance Ministry has backed away from developing the 500-rai Makkasan plot owned by the State Railway of Thailand under a debt-for-land deal with the rail agency. The State Enterprise Policy Commission, or the superboard, earlier agreed to a proposal that the SRT lease the Makkasan ...
Peninsula’s future in flux
Chea Sophat stood on the gravel embankment of a road as he pointed to what was once his rice field, an unfenced, 4,000-square-metre waterlogged plot with a handful of buffaloes wallowing in the mud. Across the Tonle Sap river, Phnom Penh was celebrating the festivities ...
Work set to begin on Laos-China railway this month
Construction of the Laos-China railway will start this month, with work to begin in several provinces simultaneously, an official in charge of the project has said. This approach will ensure that construction of the historic rail line, linking Vientiane to the Chinese border over a ...
Vietnam urges Laos to move forward with road link
No soil has been turned since the survey and design of the Nasone road upgrade, which would link Luang Prabang province to the Vietnam border at Dien Bien province, after a study into the project ended two years ago. Vietnam’s Minister of Transport, Mr Truong ...
Government pushes expressway to go ahead
The government has instructed authorities to resume construction of a section of the long delayed northern expressway linking the Kasetsart intersection and Nawamin Road, also known as the N2 section. The planned expressway, which will link west Bangkok at Bang Pa-In-Bang Phli motorway to east ...
Laos, Vietnam give full support to fuel supply pipeline
Motorists in Laos could enjoy lower prices at the pump now that the Lao and Vietnamese governments have expressed their full support for the construction of a pipeline that would deliver fuel from Vietnam to Laos. The survey, design and feasibility study of the proposed ...
City Infrastructure JSC sells $40m bond
HCM City Infrastructure Investment JSC on November 24 signed a contract to sell US$40 million worth of convertible bonds to KEB Hana Banktrustee and Custodian Business, the first tranche in its plan of issuing $60 million bonds to raise funds for its projects, the HCM Stock ...
Sepo urges SRT land development
The State Enterprise Policy Office says land development of 39,000 rai held by the debt-ridden State Railway of Thailand could offer a quick solution. Director-general Ekniti Nitithanprapas said SRT, one of the biggest landlords in the country, has holdings that are ideal for commercial development. Some ...
ASEAN Ministers boost Belt and Road
Southeast Asia is ready to open more commercial doors to the Chinese government’s Belt and Road program, following a meeting of transport ministers from China and the 10 members of the Association of Southeast Asian Nations. Belt and Road, a trade and infrastructure construction initiative ...