970 billion SEK in railway infrastructure upgrade

Thailand aims to become a regional railway hub, with an estimated total value of (962 billion SEK).
High-speed rail is expected to dominate Thailand's rail market, accounting for 64% of the opportunities.
However, mainline and urban transit upgrades also offer attractive investment prospects due to fewer financing obstacles.

High-Speed Rail Projects: Thailand's high-speed rail projects aim to enhance regional connectivity and promote economic development. Key initiatives include the Northeastern High-Speed Rail (HSR) and Eastern HSR, connecting major cities and tourist destinations. These projects seek to reduce travel times, boost tourism, and facilitate the movement of goods. Currently, the Northeast HSR Phase 1 is under construction, while the Eastern HSR is in the site preparation stage.
Mainline Rail Transformation: Thailand's mainline rail transformation focuses on implementing double track rail and adopting the European Train Control System (ETCS) Level 1 Automatic Train Protection system. The dual track rail aims to increase capacity, reduce congestion, and improve service reliability. By 2023, the SRT plans to upgrade 1,483 km of rail to dual track, offering significant investment opportunities.
Urban Transit Expansion: Thailand is expanding its urban transit systems, particularly in Bangkok. Projects such as the MRT Orange line, Grey Line, and other line extensions are underway. Additionally, Thailand is exploring potential light rail (LRT) projects in provinces like Phuket, Khon Kaen, Chiang Mai, and Pattaya. These LRT systems aim to improve intra-city transportation, enhance regional connectivity, and provide convenient mobility options for residents and tourists.

For more information contact Kacper Pierzynowski at kacper.pierzynowski@business-sweden.se.