Thai Times

Covering the Thai Renaissance
Friday, Jul 25, 2025

State Railway of Thailand Eyes Development of Prime Land

SRT Plans to Generate 20 Billion Baht Revenue from Land Development
The State Railway of Thailand (SRT) is optimistic about the commercial development of 38,500 rai of land, including 28 high-potential plots, to generate 20 billion baht in revenue over the next four years.

On November 6, 2024, SRT Governor Veeris Ammarapala transferred 12,333 land lease contracts to Pol Col Supakorn Supasincharoen, an executive of SRT Asset Co, an SRT subsidiary focused on land development and management.

SRT, historically a loss-making entity with a 17.8 billion baht deficit last year and around 300 billion baht in accumulated debt, owns a total of 240,880 rai of land.

About 202,000 rai are designated for core railway operations, leaving significant potential for the non-core land.

Since its inception in 2020, SRT Asset Co has taken over management of 12,233 leases, previously managed by various departments within SRT.

Despite its large holdings, SRT Asset generated only 660,000 baht in revenue last year.

The entity is tasked with acquiring new land and partnering with private investors for development.

The planned development is divided into three phases, starting in 2025 with the first phase involving seven plots: Bang Sue-Klong Tan (RCA) project, Sila At, Klong San Market, Ratchaprarop, Phahon Yothin, Bang Sue Area, and Nong Khai station.

Phases two and three will occur between 2026 and 2029.

SRT retains land ownership while SRT Asset Co manages the development.

The initiative is crucial for SRT's financial recovery strategy.
Newsletter

Related Articles

Politic is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
0:00
0:00
Open
Politic is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
0:00
0:00
Close
Politic is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Cambodia Fired First: A Minute‑by‑Minute Account From Thailand’s Frontline
Two Peaceful Buddhist Nations Now Trading Airstrikes Over the Hindu Preah Vihear Temple—A 1,100-Year-Old Shrine to Lord Shiva
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
Thailand Under Fire: Defending Sovereignty Against Cambodia’s Political Provocation
Two people have been killed in Thailand as fighting reignites along the border it shares with Cambodia
Six Thai F-16 fighter jets are being readied to respond in the Chong An Ma area of Ubon Ratchathani Province
Thailand Leverages Mobile Data to Boost Tourism Through 'Routes to Roots' Initiative
Cambodian forces initiated firefight near Ta Muen Temple in Phanom Dong Rak District, Surin Province
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
Thailand recalls ambassador to Cambodia amid border tensions
Gulf Development Acquires Full Ownership of Pak Lay Hydropower Project in Laos
New Landmine Blast Escalates Thailand–Cambodia Border Tensions
Thai Airways International Set to Resume Trading on Stock Exchange
Thai House Approves Weekly Retirement Lottery Bill
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
Thailand Regulator Greenlights Budget Mobile Plans Below 240 Baht
Two more landmines found along border disputed by Cambodia
Bank of Thailand Raises Concerns Over Proposed Financial Hub Amid Money Laundering Risks
Phu Lae International Animation Festival Opens in Chiang Rai
Civil Court Orders Return of ฿4.5 Billion to Brokers in Major Thai Stock Manipulation Case
Thailand's Industries Face Transition Risks Amid Rising Chinese Imports
Police Deploy High-Level Border Security in Four Thai Provinces Near Cambodian Frontier
Thailand Targets Cambodian Casino Tycoon in Nationwide Cybercrime Crackdown
Calls for International Legal Resolution Over Landmine Allegations Between Thailand and Cambodia
Thailand Prepares for Heavy Rainfall as Tropical Storm Wipha Approaches
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
CEO Resigns Amid Controversy Over Relationship with HR Executive
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
Mahagitsiri Family Loses Legal Round in Nescafé Joint Venture Dispute
Tulsi Gabbard Unveils Evidence Alleging Political Manipulation of Intelligence During Trump Administration
Thailand to Repatriate Four Orangutans to Indonesia as Diplomatic Gesture
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Cathay Pacific Apologizes After Technical Issues Leave Passengers on Bangkok-Bound Flight Without Air Conditioning
Trump Announces Coca-Cola to Shift to Cane Sugar in U.S. Production
Thai Finance Ministry Seeks to Contain Revenue Shortfall Amid Slower GDP Growth
Eastern Economic Corridor Land Prices Surge Amid Strong Foreign Investment
Thailand Proposes National Crypto Sandbox to Facilitate Tourist Spending
Donald Trump Jr. Remains Supportive of Elon Musk Post-Feud
Thailand's E-Commerce Sector Surges to 1.1 Trillion Baht Amid TikTok Shopping Expansion
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Senate Demands Minister Explain 'Half‑Half Thai Travel' Tech Breakdown
×