Russian Railways (RZD) and Banpu Public Company Limited (Thailand) signed a Memorandum of Understanding on the construction of railway infrastructure and a marine coal terminal on the Island of Kalimantan, Indonesia. The MoU was signed during an official visit to Thailand of Russian delegation led by PM Dmitry Medvedev.
Being aware of the importance of railway transport for the economic, environmental and social sector, in 2010, Thai Cabinet approved an investment plan on infrastructure modernisation, increasing the share of railway freight transport and reducing logistics costs. The trend of encouraging the development of railway transport continues, as the authorities have announced their intention to allocate tens of billions of dollars for infrastructure development by 2022.
Thailand’s eight-year plan to develop its transportation infrastructure at a cost of USD 75 Billion will turn the country into a key logistics hub in the ASEAN Economic Community (AEC) by the time the projects are completed in 2022. The goal of the strategy is to develop the logistics system and integrate all transportation platforms – rail, air, road and water – stretches beyond the country’s borders.
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