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Thailand Underground (Subway) Rail Industry Analysis
he construction of the Bangkok MRT (Mass Rapid Transit) has been a major step forward for Thailand's railway industry. The MRT Blue Line, which runs from Hua Lamphong Station in the city center to Bang Sue Station in the northern suburbs, began operations in 2004, followed by the Purple Line and the Green Line. These MRT lines have helped to reduce traffic congestion in Bangkok, which is a significant problem in the city.
In addition to the MRT, Bangkok also has an elevated rail system called the BTS (Skytrain), which covers a larger area of the city than the MRT. The BTS has two lines: the Sukhumvit Line, which runs from Mo Chit to Bearing, and the Silom Line, which runs from National Stadium to Wongwian Yai. The BTS and MRT lines intersect at several points, providing passengers with an easy way to switch between the two systems.
Apart from Bangkok, the government of Thailand is also planning to construct new subway lines in other cities such as Chiang Mai, Phuket, and Khon Kaen. These projects are expected to provide a major boost to the railway industry in Thailand.
In terms of industry outlook, the railway industry in Thailand is poised for significant growth. According to a report by BMI Research, Thailand's rail sector is expected to grow at an average rate of 8.8% per year between 2021 and 2025, driven by the government's plans to invest in rail infrastructure and the growing demand for rail transport.
The government has set a target to increase the length of the country's railway network from 4,500 kilometers in 2020 to 10,000 kilometers by 2027. This ambitious plan includes the construction of new high-speed railway lines, the expansion of the existing railway network, and the modernization of existing infrastructure.
In conclusion, Thailand's railway industry has made significant progress in recent years, with the construction of the MRT and BTS systems in Bangkok. The government's plans to expand the country's railway network and invest in rail infrastructure are expected to drive significant growth in the industry in the coming years.
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