LOGISTICS
Call for SRT to accelerate upgrades
- Published: 18 Oct 2012 at 00.00
- Newspaper section: Business
The State Railway of Thailand (SRT) is being urged to speed up a huge rail upgrade in a move to cut the country's logistics costs.
Tanit Sorat, a vice-chairman of the Federation of Thai Industries, said if the government could complete the development over the next three or four years, logistics costs as a percentage of gross domestic product were expected to drop to 11% in 2016 from 14.5% last year, bringing an increase in competitiveness.
The government has earmarked 176 billion baht in funds for rail investment by the SRT through 2014.
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