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Northeast Thailand: New Economic Hub


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BANGKOK (NNT) - Krungthai COMPASS Research Center views the China-Laos high-speed rail project and the development of the Northeast as pivotal for transforming the region into an economic center of the Greater Mekong Subregion. 

 

The center revealed that the China-Laos high-speed railway, currently operational for both passenger and freight services along the Kunming-Vientiane route, will directly benefit trade and investment in Thailand's northeastern region, which is connected to this rail line.

 

The government has prepared to support the regional economy, with an expected investment of approximately 760 billion baht over the next five years. Of this, 640 billion baht will come from government investment in major infrastructure developments, including high-speed rail, dual-track railways, and airports, as well as in tourism promotion, border trade, smart cities, industrial estates, and special economic zones. The private sector is anticipated to contribute at least another 120 billion baht in investment. 

 

According to Krungthai COMPASS Research Center's studies and assessments, six provinces in the Northeast—Udon Thani, Mukdahan, Khon Kaen, Nong Khai, Nakhon Phanom, and Bueng Kan—have been identified as having significant growth potential from these investments. Key business opportunities highlighted include construction, logistics, auto dealerships, oil and gas, and healthcare sectors, which are expected to drive development in infrastructure, tourism, and investment areas in the near future.

 

The center advises businesses to prepare their services and personnel, including readiness in environmental aspects such as reducing air pollution and exploring green logistics approaches. 

 

Furthermore, the government is urged to accelerate the development of the transport network in the Northeast, linking it with the China-Laos high-speed rail and promoting investment in the Northeastern Economic Corridor.

 

By Naark Rojanasuvan

 

Source: NNT 2024-02-29

 

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13 hours ago, snoop1130 said:

The center revealed that the China-Laos high-speed railway, currently operational for both passenger and freight services along the Kunming-Vientiane route, will directly benefit trade and investment in Thailand's northeastern region, which is connected to this rail line.

Watch the trade deficit widen even further as China takes full advantage of the rail service and Thai industry sits back, watches and complains.

Thai traders may benefit buy securing cheap Chinese goods, placing a mark-up and selling on.

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14 hours ago, snoop1130 said:

BANGKOK (NNT) - Krungthai COMPASS Research Center views the China-Laos high-speed rail project and the development of the Northeast as pivotal for transforming the region into an economic center of the Greater Mekong Subregion. 

 

Ooopsies!

 

Somebody missed the announcement by the transport ministry that the Bangkok-Korat high-speed line route is being redesigned, leading to a (further!) delay of at least two years.

 

The decision affects phase one of the scheme, a 250km section from Bangkok to Nakhon Ratchasima. The route has 189km of Chinese-style elevated track, 54km of ground-level track and 8km of tunnels. The cost had been estimated to be $4.7bn.

So far, only one of the 14 contracts that make up the line has been completed.

https://www.globalconstructionreview.com/thailands-high-speed-railway-china-link/

 

Interestingly, the entire run from Kunming to Vientienne, thru the freaking mountains, was completed in under 6 years and cost a mere $5.9 billion, under budget and ahead of schedule.

 

Yet here we are.

 

Hub of "if it ain't broke, break it."

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6 hours ago, NoDisplayName said:

Interestingly, the entire run from Kunming to Vientienne, thru the freaking mountains, was completed in under 6 years and cost a mere $5.9 billion, under budget and ahead of schedule.

 

Since that's a mere third of Laos's annual GDP, the already impoverished Lao people will be paying for generations to come.

 

Be careful what you gloat for.

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