Rail devise U-turn deemed a blip

A military officer checks a raise of supervision rice during a warehouse. (Bangkok Post record photo)

The supervision insists rice and rubber deals with China will sojourn total notwithstanding a Thai government’s new preference to unconditionally deposit in a due Thai-Sino high-speed rail project.

Commerce Minister Apiradi Tantraporn pronounced yesterday that solo investment in a initial high-speed rail devise in a nation would have no temperament on sales of 2 million tonnes of rice and 200,000 tonnes of rubber agreed earlier.

Thai officials and their Chinese counterparts sealed a chit of bargain (MoU) in Dec 2014 for 1 million tonnes any of aged and new grains along with a 200,000 tonnes of rubber. The MoU was partial of a Thai-Sino high-speed rail plan.

Mrs Apiradi pronounced Thailand stays committed to regulating Chinese technology to build and work a high-speed rail system. In addition, Thailand is in a routine of delivering a remaining 130,000 tonnes of rice to China under an progressing understanding for 1 million tonnes struck by a Yingluck Shinawatra government.

The Thai supervision aims to sell over 2 million tonnes of rice this year on a government-to-government basis. But it admits a renewed try to sell rice to Iran might strike a obstacle since of sharpening domestic dispute in a Middle East.

Finance Minister Apisak Tantivorawong pronounced a stretch of big-ticket infrastructure projects has been slashed to 1.5 trillion baht from 1.7 trillion after a Thai-Sino high-speed rail devise was scaled down to about a third of a initial distance.

Investment in a double-track rail track will be cut to 170 billion baht from 300 billion after a government’s preference to entirely account a project, constructing usually a 250-kilometre Bangkok-Nakhon Ratchasima section, he said.

The strange devise was for a 845km-route from Bangkok to Nong Khai and another from Kaeng Khoi in Saraburi to Map Ta Phut in Rayong province.

In a associated development, Mr Apisak, who chaired a assembly on pulling mercantile impulse measures, referred to a Transport Ministry news that 8 of a 20 big-ticket infrastructure projects are in line with schedules, with 12 behind a few months. Construction contracts for all 20 are to be sealed this year, he said.

Mr Apisak pronounced a Finance Ministry wants infrastructure projects that can beget income underneath public-private partnerships.

Regarding a government’s designed money gratification to low-income earners, he pronounced a method is operative on a information of impecunious residents and will indoctrinate state-run banks on registration.

The misery line and cost of vital will be factors used to confirm eligibility for a handout, pronounced Mr Apisak.

Finance permanent secretary Somchai Sujjapongse pronounced a database of a bad will concede a supervision to approach gratification to those unequivocally in need.

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Article source: http://www.bangkokpost.com/business/news/913393/rail-plan-u-turn-deemed-a-blip

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