New Projects Impacting Thai Real Estate Plans

Sep 6
20:37

2011

Tom Aikins

Tom Aikins

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The Thai Highway Department plans to immediately develop 5 inter-city motorway routes within a 250 kilometer radius from Bangkok.

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The Thai Highway Department plans to immediately develop 5 inter-city motorway routes within a 250 kilometer radius from Bangkok. 1. The Bang Pa-In - Nakhon Sawan 2. Ayutthaya - Saraburi - Nakhon Ratchasima3. The City - Pong - Kanchanaburi 4. The Nakhon Pathom - Samut Songkhram - Bangkok5. The Pattaya City - Map Ta PhutThe project is expected to be completed in 2027 and the Highway Department expects to invest approximately 300,000 to 400,000 million baht. From consultations with the Ministry of Finance it is likely that Bang Pa-Saraburi - Nakhon Ratchasima distance of 199-kilometer route will be the first to be constructed,New Projects Impacting Thai Real Estate Plans  Articles which may be carried out concurrently with the Chonburi - Pattaya - Map Ta Phut 89-kilometer route. However, the whole 5 lines need to be subsidized by the government with a 20% stake and 80% by private.
Fixing Mass Rail Transit blind spot at Makkasan station by providing access to all directions
The State Railway of Thailand has announced the TOR to receive feedback and suggestions from contractors according to an electronic bidding procedure to bid for a station interconnection extension improvement for the Makkasan airport transit station. 
The improvement will focus mainly at Makkasan station which needed better access from all surrounding road not only Ratchadapisek Road around Makkasan intersection and Kampangpetch Road. It is expected to conclude contractor selection and project planning in 2 months accelerating construction to be completed around mid-2555. This update will help increase passengers capacity from 3000 current users/day, and the project will support the future development of Makkasan complex. 
128 new roads planned for the preparation of the new Bangkok city planBangkok Department of Civil Engineering discussions with the Department of City Planning and relevant agencies are still pending to prepare plans for road network to solve traffic congestion problems in the four corners of the city which will expand the network of the original plan to add 25 lines to total of 128 lines in response to the preparation of the new 3rd revision Bangkok city plan. The path in the project plan will mainly focus on the area enclosed or inaccessible area to be able to access public road and benefit more by connecting alleys, byways and streets to each other including connections to Mass transit rail system as a complete system. However the project plan will need to go through 18 consideration process to research and get opinions from all parties for at least 2 years. 
Bang Na land constantly shifting, benefiting from green line MRT Onn Nut – bearing route.The MRT Green Line from Onn Nut - Bearing that recently open for service on August 12, with the current average usage of 100,000 people per day increases the land value around Bangna 10th Km steadily. Although the current project sales located on land in the area improve slowly because supply exceeds demand a lot and the current major demand is by high speculation. The price of plots from Prah Khanong – Bang Na intersection has rose to 400,000-500,000 baht per square meter today.
Bangkok’s Super Sky Walk PlanThe construction of Bangkok’s Super Sky Walk in various routes, according to BMA planning, will be focused more on the main mass transit rail system connection in order to facilitate public traveling. Initially this connection will focus on connections to the BTS Skytrain and if the other train routes open operations, it will be gradually connected to them as well. 
Office of the Auditor General of Thailand has sent a letter to Bangkok Metropolitan Administration (BMA) to examine the construction of an elevated walkway (Sky Walk) which BMA has instructed the Department of Traffic and Transport (DTT) precede according to the Auditor General request setting up hearing for an opinion from the public, scholar, project stakeholders, professional associations involved including opposing parties. Findings would support decision of the project and determine the criteria or guidelines to prevent or reduce the risk that might occur. 
The first Sky Walk network will be built almost on all of Sukhumvit Road starting from Soi Nana to Soi Baring and 3 more lines on Phayathai road, Ramkhamhaeng Road and close to the Wong Wien Yai roundabout in the Thonburi district. In addition to increase safety for pedestrians at night electric lighting installed and CCTV to monitors the movement along the Sky Walk route. Construction budget for the network first phase would be about 5200 million baht and the first phase construction would begin between 2555 to 2557 with an expected construction cost of approximately 10,000 million baht.