The government is accelerating the construction of the second phase of the Thai-Chinese high-speed rail linking Nakhon Ratchasima to Nong Khai and the double-track rail route linking Khon Kaen to Nong Khai worth a combined 330 billion baht as it aims to reduce logistics costs to 11% of GDP by 2027 from 13.8% in 2021.
According to Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), the meeting of the committee handling logistics development chaired by Deputy Prime Minister Supattanapong Punmeechaow on Oct 10 agreed the two rail development projects need to be sped up to help reduce logistics costs.
