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Losses predicted for high-speed railway (The State Railway of Thailand…
Losses predicted for high-speed railway
The State Railway of Thailand
or SRT
is worried that the planned Shinkansen-like Thai-Japanese high-speed railway
from Bangkok to Chiang Mai
will run at a loss when it opens
citing a 66% drop
in predicted daily passenger numbers.
Voravuth Mala
SRT governor
made the observation after learning the results of a feasibility
study from
Japan International Cooperation Agency
or Jica
research
estimated the high-speed rail's first 380km phase
from Bangkok to Phitsanulok
cost around 276 billion bah
Seven stations have been planned for this phase
Bang Sue,
Don Muang
Ayutthaya
Lop Buri
Nakhon Sawan
Phichit
Phitsanulok
studies
have reported ticket fares for the entire 670km of the Bangkok-Chiang Mai route
will cost around 1,000 baht
The study stated there will be
around 10,000 passengers per day
against the original estimate of 30,000
said
adding that the entire route should service around 50,000 passengers per day to earn a profit from ticket fares
the Transport Ministry must review investment plans for the project before sending them to the cabinet for approval next month.
On Tuesday
High-speed railways are surely on the more expensive side, but it is a long-term investment
the SRT is currently considering developing land along the Bangkok-Phitsanulok route to create additional revenue
175 rai of land -- 150 rai in Makkasan and 25 in Si Racha, Chon Buri -- has already been valued at over 50 billion baht.
also has plans for land development along the high-speed railway set to link
Suvarnabhumi
U-Tapao
Don Mueang
Meanwhile
Srisuwan Janya
has filed a complaint to
Prime Minister Prayut Chan-o-cha demanding reference terms for the airport-linking railway be changed to "better suit the rights of the public".
Secretary-general
Association to Protect the Thai Constitution