Transportation: 2.2-trillion-baht investment

7-year investment aims for 90 minute high-speed rail trips within 300km of Bangkok & more rail in Bangkok from 80km now to 464km in 2019.

Click button to listen to Transportation Investment download

Transport

Govt to invest 2.2 trillion baht in transport overhaul

23 Jan 2013
Amornrat Mahitthirook & Wichit Chantanusornsiri

The government yesterday announced a 2.2-trillion-baht investment package to boost the country's transport system, including a massive increase in rail services in Bangkok.

The Pheu Thai Party-led government aims to increase connectivity between Bangkok and other provinces with a new high-speed train service, and to improve travel conditions in the capital by adding nearly 400km to the existing electric rail network.

The investment programme, to be overseen by Transport Minister Chadchat Sittipunt, also aims to encourage trade and investment.

The massive investment plans were unveiled as the government prepared to issue a bill authorising loans amounting to 2 trillion baht.

The loans will finance the transport infrastructure investment over the next seven years, from this year to 2020, said a source. Details of each project are being summarised and will be forwarded to the cabinet for approval next month.

On top of the loans, the government has also set aside an additional budget of 33.3 billion baht, loans from other sources totalling 105 billion baht, 38.7 billion baht in revenue from state enterprises and another 106 billion baht from public-private partnerships.

Mr Chadchat said 93.14%, or 1.8 trillion baht of the 2-trillion-baht in loans, would pay for transport infrastructure projects under the supervision of his ministry.

The investment involves four main transport networks, accounting for 78% of the borrowing.

These are roads, rail, water transport and air, he said. The huge spending on infrastructure was crucial for the country's economic growth, he said.

The investment would ease the transport burden on roads and shift it to the rail network, which would help reduce logistics costs by up to 13.2%, he said.

Currently, logistics costs make up about 15.2% of gross domestic product, compared to 8.3% in the United States.

The programme would also improve transport in and near Bangkok.

It would add nine more electric rail routes to subway and skytrain services, coupled with a flat-rate ticket price of 20 baht for all mass transit services to encourage greater use of the system.

Bangkok has only 80km of electric railways at present. The investment will expand the total length of electric railway in the greater Bangkok area to 464km by 2019, the minister said.

The investment in a high-speed inter-provincial train network would shorten travel times between Bangkok and other parts of the country. High-speed train trips within 300km of Bangkok would take no more than 90 minutes, he said.

(Source: Bangkok Post, Transport, Govt to invest 2.2 trillion baht in transport overhaul, 23 Jan 2013, Amornrat Mahitthirook & Wichit Chantanusornsiri, link


Transportation Vocabulary
 
transport (adjective, verb) - to move people or things from one place to another ขนส่ง
transport system
transportation
(noun) - การขนส่ง

transit - the act of moving from one place to another การเดินทางผ่าน
mass - large numbers จำนวนมหาศาล

mass transit - public transport; transportation for large numbers of people such as train or bus (See Wikipedia)
mass transit services

overhaul - repair completely and rebuild, improve something so that every part of it works properly ปรับปรุงใหม่
transport overhaul
Govt to invest 2.2 trillion baht in transport overhaul

investment - taking money and putting it into projects to make a profit or earn interest or provide some benefit to the public
investment package

boost - to strengthen ทำให้มีกำลังมากขึ้น
a 2.2-trillion-baht investment package to boost the country's transport system

massive - very large in size, amount or numberใหญ่โต มหาศาล
massive increase

connectivity - when things are joined and connected together ภาวะเชื่อมต่อ สภาพเชื่อมโยง
high-speed train -
fast trains that move large numbers of people around a country quickly (See Wikipedia)

the government aims to increase connectivity between Bangkok and other provinces with a new high-speed train service

the capital - the city in a country where the center of government is located (such as Washington D.C. in the US)

improve - to make better ทำให้ดีขึ้น
improve travel conditions in the capital

network - a large system of connected parts, organisations, people, etc. เครือข่าย
electric rail network

improve travel conditions in the capital by adding nearly 400km to the existing electric rail network

encourage - give energy to continue doing activity, motivate, give confidence ปลุกใจ
trade - the buying and selling of goods การค้าขาย

encourage trade and investment
the investment programme aims to encourage trade and investment

unveiled - announced something officially that was previously a secret เปิดเผย introduced แนะนำ

authorise... - give permission for..., allow...
authorising loans

bill - a written document containing a proposal for a new law ญัตติ
a bill authorising loans

issue
- to officially announce or give out ออก, ออกประกาศ, ออกคำสั่ง
bill - a written document containing a proposal for a new law ญัตติ
issue a bill authorising loans

the massive investment plans were unveiled as the government prepared to issue a bill authorising loans amounting to 2 trillion baht.

infrastructure - the high-cost facilities that everyone in the economy shares (water, roads, electricity, trains) สาธารณูปโภค
transport infrastructure
transport infrastructure investment

finance - to provide money for something จัดหาเงินทุนให้
source - someone who gives information to the media แหล่งข่าว
The loans will finance the transport infrastructure investment over the next seven years, from this year to 2020, said a source.

forwarded - after receiving it, you send it so another person or place
approval - official permission to do something การอนุมัต
forwarded to the cabinet for approval

summarise - สรุป, สรุปความ
Details of each project are being summarised and will be forwarded to the cabinet for approval next month.

set aside - reserve, save for a special use in the future สำรอง, มีไว้เผื่อขาดแคลน, มีไว้ไม่ให้ขาด
budget - the amounts of money that an organisation has available to spend on different things during a period งบประมาณ (See Wikipedia)

set aside a budget
the government has also set aside an additional budget of 33.3 billion baht

state - government รัฐ
enterprises - companies
state enterprises

revenue
- income from taxes or business activities รายได้
38.7 billion baht in revenue from state enterprises

partnership -
working together with others on a project ความร่วมมือ
public-private partnership (PPP) - when private companies work with the government on projects (See Wikipedia)
106 billion baht from the public-private partnership

supervision - the process of making sure that something is being done properly การควบคุมดูแล การตรวจตรา
ministry - a government department dealing with an area of activity กระทรวง
under the supervision of his ministry.

Mr Chadchat said 93.14%, or 1.8 trillion baht of the 2-trillion-baht loans, would pay for transport infrastructure projects under the supervision of his ministry.

crucial - very important สำคัญยิ่ง
the huge spending on infrastructure was crucial for the country's economic growth, he said.

burden - a responsibility, a difficult thing that must be done, a heavy load to carry ภาระ  
the transport burden on roads

ease - to make or become less severe, difficult, unpleasant, painful, etc บรรเทา ทำให้ง่าย
ease the transport burden on roads

logistics - the activity of transporting, storing, and tracking goods, on the way from factory to consumer การขนส่งสินค้า การขนส่งและจัดจำหน่ายสินค้า (See Wikipedia)
logistics costs
reduce logistics costs

shift - to change; to transfer; to move from one place to another เคลื่อนย้าย
The investment would ease the transport burden on roads and shift it to the rail network, which would help reduce logistics costs by up to 13.2%, he said.

gross domestic product (GDP) - the total value of all the goods and services produced by a country in one year 
Currently, logistics costs make up about 15.2% of gross domestic product, compared to 8.3% in the United States.

rate - อัตรา
flat-rate - only one rate (rate does not change with situation or person)
flat-rate ticket price of 20 baht

coupled with - combined with
It would add nine more electric rail routes to subway and skytrain services, coupled with a flat-rate ticket price of 20 baht for all mass transit services to encourage greater use of the system.

expand - to become larger ขายตัวออกไป
The investment will expand the total length of electric railway in the greater Bangkok area to 464km by 2019, the minister said.

About the author

columnist
Writer: Jon Fernquest
Position: Online Writer