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Thursday, May 2, 2024

SRT to call bids for land near new rail hub

Rail agency ultimately hopes to earn 60% of its profits from land development

Earmarked for expansion: Land plots around Krung Thep Aphiwat Central Terminal in Chatuchak district of Bangkok will be developed for commercial use. (Photo: Wichan Charoenkiatpakul)

The Transport Ministry expects that bids for the commercial development of land around Krung Thep Aphiwat Central Terminal will be completed this year.

Transport Minister Saksayam Chidchob said the State Railway of Thailand (SRT), which is responsible for the development of land around the capital’s new rail hub, has almost finished drafting the terms of reference.

Bidding is expected to take place soon after the completion of the terms….

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