Client: State Railway of Thailand (SRT)
The governments of Thailand and China signed an MOU on cooperation for railway infrastructural development under the Transport Infrastructural Development Strategic Framework (2015-2026). The aim was to collaborate in developing the Standard Gauge Double-track Railway Project, Bangkok-Nakhon Ratchasima-Nong Khai and Kaeng Khoi-Map Ta Phut routes. This cooperation will promote new technology exchange between Thailand and China and create a significant opportunity for forging improved business ties in the contexts of maintenance depot development and rail component production. Moreover, the Chinese investment will contribute to risk management capability, particularly in terms of cross-border passenger and freight transport management.
TEAM GROUP was assigned to study and introduce a proper investment approach, as well as to produce and manage agreements in line with the MOU.