Nakhon Ratchasima (Korat) trams to commence construction in 2022 for 2025 opening
Nakhon Ratchasima (also known as Korat or Khorat) should have electric trams by 2025, said Mass Rapid Transit Authority of Thailand (MRTA) deputy governor Theeraphan Tachasirinugune today, during the second market sounding for the city’s Green Line route.
The study of the system, which features 21 stations, should be ready to be presented to the MRTA board this year before being proposed to Cabinet. Bidding for private companies to jointly invest in the project is expected by the middle of next year.
Construction is scheduled to begin in 2022 before the system launches operations in 2025. Successful bidders will be offered a 30-year concession for operation.
The project will cost Bt7.11 billion, of which Bt2.2 billion is for the civil works, Bt2.2 billion for the tram system, Bt995 million for procurement of 10 trams, and B176 million for hiring a consultant. Yield is estimated at 13.11 per cent with a break-even point in the 11th year.
The winning bidder will gain revenue from ticket fare collection and commercial activities such as leasing advertising space in stations.
Fares will be set at Bt11 to Bt21.
Source: https://www.nationthailand.com/business/30393799
