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Thailand Investment Property – SRT Signs Red Line Contract

By on Apr 07, 2016 in Investment-Land, Property News

c1_915869_620x413There  are going to be some new areas for investment property in Thailand on the new Red line commuter rail system. The State Railway of Thailand (SRT) have signed a 32.39 billion THB contract with a Japanese consortium to construct the electrical and mechanical systems of the planned Red line.

The consortium is known as the MHSC Consortium comprising of Mitsubishi Heavy Industries, Hitachi, and Sumitomo Corporation and was awarded the contract after 5 years of negotiation and bidding. The 26 kilometre railways runs from Bang Sue to Rangsit stations in Pathum Thani and will be constructed using a loan from Japan International Cooperation Agency.

“The Red Line train project will be constructed with Japan’s best transportation technology,” said Yoichi Kujirai, president and chief executive officer of Mitsubishi Heavy Industries’ Commercial Aviation and Transportation Systems unit. “The project will strengthen Thailand-Japan relations and we are glad to be part of Thailand’s megaprojects,” he said.

The project is expected to serve more than 300,000 commuters a day between Bangkok and its outskirts.

Expect to see investment properties appearing along the new red line.

Source: Bangkok Post 30th March 2016
For the full article click here.

Photo Credit: Bangkokpost.com

Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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