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Japan offers transport loans

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The Japan International Cooperation Agency (Jica) is interested in offering loans for new Thai transport development projects despite doubts over their expensive budgets. 

The offer from Jica, currently a main lender of the Red Line electric rail route linking Bangkok and Pathum Thani, comes two days after the National Council for Peace and Order (NCPO) approved projects to build two rail routes on standard 1.435-metre wide tracks and dual-tracks on six other routes.

When Jica representatives met permanent secretary for transport Soithip Traisuth yesterday to discuss financial options, reporters also took the opportunity to ask her to respond to former deputy Bangkok governor Samart Ratchapolsitte’s criticism that the construction costs of the two rail routes are “unusually high”.

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