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Home Railway link with Myanmar by 2014
Railway link with Myanmar by 2014

Ecnec okays Tk 1,852cr project for Dohazari-Gundhum rail line
The government is going to construct a rail line from Dohazari in Chittagong to Gundhum in Myanmar
via Cox's Bazar to establish link with the proposed Trans-Asia Railway corridor.
The Executive Committee of National Economic Council (Ecnec) meeting chaired by Prime Minister
Sheikh Hasina approved a Tk 1,852 crore project to construct a single track rail line from Dohazari in
Chittagong to Ramu in Cox's Bazar and from there to Gundhum in Myanmar.
Scheduled to kick off sometime this month, the project is expected to be completed in July 2014.
After the meeting held at the NEC auditorium, Planning Minister AK Khandker told reporters that the rail
route is being constructed to build up communication with China.
It will be a single-track line for the moment as the rail line on the Myanmar side is such, but there will be
an option for broad gauge for future uses.
Replying to a query, the planning minister said the other aim of the project is to establish link with the
proposed Trans-Asia Railway corridor. However, the minister avoided a direct reply as to when the
government will join the corridor.
Tk 1,182 crore, more than half needed for the project, will come from foreign assistance, a planning
ministry official said.
Economic Relations Division (ERD) has been in talks with Asian Development Bank, China and other
donor agencies for the assistance.
The official also said the project also aims at connecting Cox's Bazar, the country's top tourist attraction,
with the rest of the country.
The Trans-Asian Railway network, which was initiated in the '60s, comprises 1,14,000 kilometer of rail
routes of international importance. It aims to offer efficient rail transport services for goods and
passengers between Asia and Europe.
The link offers immense potential to shorten the distances and reduce transit time between countries
and regions facilitating trade expansion, economic growth and cultural exchanges.
If completed, countries to be benefiting from the Trans-Asia Railway networks are Cambodia, India,
Mongolia, Republic of Korea, Russian Federation, Tajikistan and Thailand, among others.
The Ecnec also approved another seven projects worth Tk 3,192 crore including the Gulshan-Banani-
Baridhara Lake Development project. The cost of lake development project has been estimated at Tk
410 crore.
The main aim of the project is to protect the lake from the grabbers, reclaim its land and thereby restore
the water capacity and enhance beauty on its four sides, the planning ministry official said.

 

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Construction news

Real Estate & Construction News in Thailand from Propertyshowrooms.com
News and articles on Construction, worldwide property and real estate investment in Thailand
  • Phuket's condominium supply to grow in Kata and Karon

    During 2011, the Kata and Karon Beach areas of Phuket, Thailand, emerged as top locations for new condominium developments.

    Nattha Kahapana, director of Knight Frank Phuket, revealed that last year, these two regions accounted for 59 per cent of the new supply in the condominium market.

    He noted one of the main reasons for the rising number of new projects in Kata is the affordability of land in the district, compared to the most desirable area along Patong Beach.

    Mr Kahapana added there is very little free space on this sought-after strip of land, which adds to the appeal of less-developed regions like Karon Beach and Kata.

    A report published by CB Richard Ellis (CBRE) Thailand last year revealed there was an increase in the number of new condominium projects launched in Phuket during the third quarter of 2011.

    However, the firm noted affordability is one of the key issues driving buyers in the marketplace, with demand strongest for Phuket properties in the under ten million Thai baht (£204,656) price bracket.
     

  • Housing developers 'showing more caution' in Thailand

    Developers in the Thai real estate industry are exhibiting a greater degree of caution in their investments, it has been claimed.

    A report published by CB Richard Ellis (CBRE) Thailand noted that a slowdown in demand from speculators has largely driven the change.

    In Bangkok, firms that are purchasing land for construction projects are focusing on the area around the route of the new purple line railway system, the organisation revealed.

    The track, which is currently under construction, is scheduled to open in 2014 and will provide train services between Bang Phai Canal and Tao Pun.

    Meanwhile, developers are rushing to apply for building permission at many sites across Thailand, CBRE found, because proposed alterations to town planning regulations may make it more difficult for projects to get the go ahead.

    One of the main changes being suggested under the new rules is a further restriction on the size of building that can be constructed on narrow roads, the firm highlighted.
     

  • Warnings sounded about property bubble in Thailand

    Concerns surrounding the creation of a property bubble in Thailand have been raised by the country's Agency for Real Estate Affairs (AREA), Property Report has revealed.

    AREA has warned that, if created, the bubble may burst if the planned numbers of launched units are completed in a few years time.

    Indeed, the news provider explains that a total of 107,508 units spanning 398 developments may be underway by the end of the year, compared to just 57,604 units from 283 developments in 2009.

    And AREA president Dr Sopon Pornchokchai warned that there was a genuine risk of the bubble bursting if the market continues to grow at the same pace as this year through to 2012-13.

    "It will lead to an oversupply in the market. Resale prices and rents will also drop accordingly," he told the news provider.

    "This would cause troubles to financial institutions that currently extend high-percentage mortgage loans, also to shareholders of those financial institutions, and last but not least to the overall Thai economy."

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