The Transport Ministry is likely to open bidding for the 120-kilometre Nakhon Pathom-Cha-Am motorway project worth 80 billion THB next year.
The project is part of the Highways Department’s 2017 action plan, which includes the eastern and northeastern sections, stretching from Bangkok to Rayong and Aranyaprathet in Sa Kaew, and from Laem Chabang Port to Nakhon Ratchasima via Prachin Buri, said Transport Minister Arkhom Termpittayapaisith.
After a seminar held by the department seminar on the development of Thailand’s motorway network, the investment model to be applied to the Nakhon Pathom-Chaam project was being considered, including the details on return on investment.
The country’s Intercity Motorway Development Master Plan 2017-36 was finalised last November and included in the 12th National Economic and Social Development Plan.
Under the plan, the country will invest about 2.1 trillion THB to develop 21 routes with a combined length of 6,612km.
The seminar was aimed at allowing participants in the government and private sectors to suggest ways to make the master plan more efficient and to mobilise funds for the projects.
Besides opening the bidding to private participation, the Transport Ministry will raise capital via an infrastructure fund called the “Thailand Future Fund”, by transferring assets of two routes in service to the fund.
They are the Bangkok-Bang Pa-in Motorway or “Motorway No 9” and the Bangkok-Chon Buri Motorway or “Motorway No 7”.
The Cabinet on Tuesday approved the establishment of the Bt100-billion Thailand Future Fund with an initial contribution of 10 billion THB backed by the Finance Ministry.
“The road network is still in need, as it’s outstandingly convenient with door-todoor delivery, given that there
is high demand for road transport. Therefore, motorway development is in the focus of the government,” Minister Arkhom said.
The highways will be able to enhance Asean connectivity with neighboring countries, he added.
Construction stocks skyrocketed by 2-5 per cent in response to the approval of the Thailand Future Fund, apparently reflecting investor confidence in the materialisation of the infrastructure projects.