Railway Industry

Thailand’s Railway Industry – Overview and Opportunities for Foreign Businesses

February 2014

CONFIDENTIAL AND PROPRIETARY Any use of this material without specific permission of UMI Asia (Thailand) Ltd. is strictly prohibited

OVERVIEW

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Executive Summary – Current Railway Sector: Thailand (1/2) UMI ASIA Ltd. has conducted this research study for Swiss Rail to examine the railway industry in Thailand, as part of a series of studies on the railway market in Southeast Asia. This project is aimed at providing insight into the opportunities and challenges prevalent in the Thai railway sector. For this, thorough desk research has been conducted to examine the current railway industry and future expansion plans.

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We begin our research by examining the business climate in Thailand, including a brief overview of the economic prospects, political developments and relevant infrastructure quality of the country. ▪  Thailand has enjoyed a strong economic growth of 7.6% from 2008 to 2012. Despite the current political climate, this strong positive trend is expected to continue, with forecasted GDP growth of 4% - 5% in 2014. ▪  Thailand has undergone multiple political reforms in the past decade, with the current political tension continuing beyond the February 2014 election. The uncertain political climate has put on hold several government projects, posing a risk for investment. ▪  The overall quality of infrastructure in Thailand is one of the most developed in the region, with the exception of railways. ▪  The government plans to invest heavily in the improvement of the current underdeveloped rail infrastructure, providing a major opportunity for investment.

UMI Asia (Thailand) Ltd.

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Next, we examine the current railway industry, including existing operators, track infrastructure and rolling stock. !  The national rail network expands through major provinces in Thailand with capital city, Bangkok, the only province with urban mass transit train systems !  There are 4 rail operators in Thailand, 3 of which operate the Bangkok mass transit system –  State Railway of Thailand (SRT) is state-owned and the national rail operator in Thailand ▫  Total track length of 4,035 km, running on 1,000 mm track gauge (meter gauge) ▫  Active rolling stock include 253 locomotives, 1,244 passenger coaches, 5,041 freight wagons –  SRT Electrified Train (SRTET) is a subsidiary of SRT, operating the Airport Rail Link in Bangkok ▫  Total track length of 28.6 km, running on 1,435 mm track gauge (standard gauge) ▫  Uses electric trains from Siemens, operating a total of 9 trains –  Bangkok Mass Transit System Company Limited (BTSC) operates the BTS Skytrain in Bangkok ▫  Total track length of 36.75 km, running on 1,435 mm track gauge (standard gauge) ▫  Uses electric trains from Siemens (35 units) and CNR (12 units) –  Bangkok Metro Public Company Limited (BMCL) operates the MRT subway trains in Bangkok ▫  Total track length of 20 km, running on 1,435 mm track gauge (standard gauge) ▫  Rolling stock compose of 19 trains from Siemens

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OVERVIEW

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Executive Summary – Challenges and Future Prospect: Thailand (2/2)

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The success of the much needed improvement and expansion of rail networks in Thailand will depend on the parliament’s approval of the government’s THB 2.0 trillion Infrastructure Investment Program. The future of railways in Thailand is composed of high speed rail networks and doubletrack rails to increase efficiency of freight and passenger traffic. Bangkok will also see an effective mass transit train system that will connect the entire Bangkok Metropolitan Region. ▪  Four high speed rail routes are planned throughout the country: (1) Bangkok – Chiang Mai; (2) Bangkok – Rayong; (3) Bangkok – Nong Kai; (4) Bangkok – Padang Besar ▪  Six double-track rail network projects are planned to increase the speed of freight and passenger transport ▪  In Bangkok, ten mass rapid transit rail lines are planned to connect outer Bangkok to the city center, including the extension of two existing MRT and BTS lines ▪  Train operators also plan to increase their rolling stock to boost capacity

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Several challenges have also been revealed in our study of the railway industry. ▪  SRT’s fleet is ageing with more than 60% of locomotives at least 30 years old. The ageing fleet and track infrastructure has contributed to frequent accidents and train derailments in Thailand. ▪  State-enterprises such as SRT and SRTET are struggling with financial losses and speculation of corruption that have increased public scrutiny over government mega-projects ▪  Mass rapid transit system in Bangkok struggle to meet demands as the MRT and BTS do not reach outer Bangkok. Technical problems are also common. ▪  Expansion plans within Bangkok requiring the expropriation of land have also faced local resistance

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Contents

▪ 

Overview of the Thai railway sector

▪ 

National Railway

▪ 

Urban Transport

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Thailand – Country overview and economic outlook

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▪ 

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COUNTRY OVERVIEW

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Thailand is the 2nd largest economy in ASEAN after Indonesia Country Key Facts Total Area: 513,120 sq km Administrative divisions: 77 provinces Capital City: Bangkok Shares border with: Myanmar, Laos, Cambodia, Malaysia

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!  !  !  ! 

▪  ▪ 

▪  ▪  ▪  ▪  ▪ 

Source: Central Intelligence Agency

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Population: 67,448,120 (July 2013 est.) Population growth rate: 0.52% (2013 est.) !  Ethnic groups: Thai 75%, Chinese 14%, Others 11% !  Languages: Thai, English (secondary language, business language), ethnic and regional dialects Unemployment rate: 0.7% (2012 est.) Inflation rate: 3% (2012 est.) Total GDP: USD 366,076.10 million (2012 est.) GDP growth: 7.64 % CAGR (2008-2012) Corporate Income Tax: 10-23%

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COUNTRY OVERVIEW

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Despite political unrest in 2010 and a major flood in 2011, Thailand had an average annual GDP growth rate of 7.6% from 2008 to 2012 GDP Thailand 2008 – 2012 (USD Billion) !  GDP in 2012 was worth USD 365.6 billion

391-395 377 366

+4.0-5.0% 3.0%

346 +7.6% 319

!  This growth was despite major setbacks of political unrests in 2010, as well as a major flood catastrophe in 2011 which affected major parts of the country, especially industrial areas !  Expected growth in 2014 is 4.0-5.0%

266

10 0 2008

Source: World Bank

2009

2010

2011

2012

2013E

2014E

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273

!  Average growth rate throughout the past 5 years was 7.6%

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400 390 380 370 360 350 340 330 320 310 300 290 280 270 260

COUNTRY OVERVIEW

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In addition to strong economic growth, Thailand is also an attractive investment location in Asia with a very business-friendly environment World Bank ease of doing business 2013 (Source: World Bank)

AT Kearny Global Services Location Index 20111 (Source: AT Kearny) Country 2011

Ranking

Singapore

1

Malaysia

3

Malaysia

12

Indonesia

5

Thailand

18

Thailand

7

Brunei

79

Vietnam

8

China

91

Philippines

9

Vietnam

99

Singapore

32

Indonesia

128

Cambodia

133

Philippines

138

Laos

163

Thailand ranked globally among the top 10% of countries in terms of ease of doing business

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Ranking

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Country 2013

Thailand is among the top countries in the world in terms of services, with a strong and continuously improving IT infrastructure

1 Study analyzes and ranks the top 50 countries worldwide as the best destinations for providing outsourcing activities, including IT services and support, contact centers and back-office support Source: World Bank, AT Kearny

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COUNTRY OVERVIEW

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The overall infrastructure of Thailand is among the highest ranked in Southeast Asia, with only rail infrastructure still lagging behind Quality of Infrastructure (Ranking out of 148 countries)

Southeast Asia

Overall

Rail

Roads

Port

Air

Thailand

61

72

42

56

34

Indonesia

82

44

78

89

68

Vietnam

110

58

102

98

92

Myanmar

146

104

138

136

146

China

74

20

54

59

65

India

85

19

84

70

61

1

2

8

40

7

Germany

10

7

11

9

8

United States

19

17

18

16

18

Switzerland Europe North America

Source: World Economic Forum: Global Competitiveness Report 2013

▪  Currently, the quality of roads and air transport in Thailand are among the highest ranked in Asia Pacific

▪  Thailand is, however, behind in its railway development compared to other selected Southeast Asian countries

▪  The government is dedicating approximately 80% of their THB 2.0 trillion infrastructure development plans to railway expansion projects, to be completed in 2020

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Asia Pacific

Country

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Region

COUNTRY OVERVIEW

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Thailand’s political system is a constitutional monarchy Political System in Thailand !  Government type: Constitutional Monarchy

▪ 

Judicial branch: -  Independent of the executive and the legislative branches -  Constitutional Court plays a major role in protecting the constitution

Source: Central Intelligence Agency, Bangkok Post Dec 2013

!  Thai Prime Minister Yingluck Shinawatra has dissolved parliament in December 2013 !  Thai government proposed new election in February 2014 with opposition from the anti-government protestors Political Effects to Thai Economy

▪ 

Despite facing a number of political challenges, Thailand has made great progress in social and economic issues

▪ 

Economic growth forecast for 2014 is approximately 4.8% (Bank of Thailand)

▪ 

Potential impact on the schedule of government mega-projects and foreign investments

▪ 

However, any government can be expected to proceed with infrastructure expansion projects

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Legislative branch: - Bi-cameral National Assembly or “Rathasapha” consisting of the House of Representatives and the Senate

!  Demonstrators in Bangkok seeking to oust Prime Minister Yingluck Shinawatra sparked the most violent anti-government clashes in more than three years Working Draft - Last Modified 7/29/2011 8:36:50 PM

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Executive branch: -  Chief of State: King Bhumibhol Adulyadej (since 9 June 1946) -  Head of Government: Prime Minister Yingluck Shinawatra -  Cabinet: Council of Ministers

Current Political Situations

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COUNTRY OVERVIEW

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Opportunities – With strong FDI policies in place, Thailand holds many opportunities for future foreign investments Description

▪  ▪ 

▪  Thailand’s modal shift from road to rail transport

▪  ▪ 

Currently underdeveloped rail infrastructure

▪ 

▪  High rankings for ease of doing business

Source: Team analysis

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Despite strong rankings in quality of roads and air transport, Thailand is behind in railway developments This offers many opportunities for railway solution providers to offer their products, not just for new infrastructure development, but also for upgrades of existing tracks and rolling stock According to a survey for the ease of doing business (2013) conducted by World Bank, Thailand ranked 18th globally and 3rd in ASEAN Availability of highly skilled labor Thailand is well located to facilitate cargo transportation as it has access to multiple sea ports. Future improvements of railway to enhance logistics will further push Thailand to be the logistics hub of ASEAN UMI Asia (Thailand) Ltd.

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Under the government infrastructure investment program of THB 2.0 trillion, more than 80% is allocated to railways The key focus of this program is to cause a modal shift from road to rail transport in order to increase the efficiency of freight transport and to decrease overall logistics cost in the country Strong upward trend in passenger ridership for mass transit trains in Bangkok

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Realization of the ASEAN Economic Community in 2015

As the 2nd biggest economies in the ASEAN region, Thailand is a good gateway to the rest of the region One of the key priorities in the actualization of AEC is ASEAN connectivity. Future rail networks will connect the entire region with linkages to special economic zones and ports

COUNTRY OVERVIEW

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Risks – Despite various opportunities in Thailand, the country also faces some challenges Description

▪  Political uncertainty

▪  Corruption

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According to the Corruption Perceptions Index 2013, Thailand ranked 102 out of 177 countries. In ASEAN, Thailand ranks below Brunei, Singapore, Malaysia and the Philippines in corruption level Local networks are fundamentally important to conducting business in Thailand

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Several political unrests have erupted in Thailand in the past decade, causing some delays in government mega projects Decrease in GDP growth forecast from 5% to 4.8% due to decrease in exports following political unrest

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Source: Team analysis

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Contents

▪ 

Overview of the Thai railway sector

▪ 

National Railway

▪ 

Urban Transport

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Thailand – Country overview and economic outlook

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OVERVIEW OF THE THAI RAILWAY SECTOR

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The history of railway in Thailand goes back 123 years Year

Event

1891

▪  ▪ 

1917

▪ 

First rail service between Bangkok and Ayutthaya on March 26, 1894 Bangkok Tram service installed in late 1890s and continuously expanded

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1894

▪  ▪  ▪  ▪ 

Royal Proclamation for to the construction on the first state railway line in Siam from Bangkok to Nakhon Ratchasima in the Northeast “Foundation Laying” ceremony, presided over by H.M. King Chulalongkorn (Rama V) on March 9, 1891 Construction undertaken by British engineers under G.M. Campbell

Two parallel systems of 1000 mm gauge (Southern Railway Department) and 1435 mm gauge (Northern Railway Department) co-exist On June 5, 1917, Northern and Southern Railway Departments were merged to form the Royal State Railway of Siam (RSR)

▪ 

Royal Decision to standardize the track gauge to be 1000 mm, with conversion to be completed within 10 years

1945

▪ 

Most of Thailand’s railway infrastructure is destroyed through air-raids during World War II

1951

▪ 

Royal State Railway of Siam becomes a state enterprise and is renamed to State Railway of Thailand (SRT)

1968

Bangkok’s Tram service is cancelled due to low passenger traffic

1999

▪  ▪ 

2004

▪ 

Bangkok’s underground train, Metropolitan Rapid Transit (MRT) starts operation on July 3, 2004; the service is operated by privately-owned Bangkok Metro Company Ltd. (BMCL)

2010

▪ 

Bangkok’s “Airport Rail Link”, operated by SRT, starts services between the city center and Suvarnabhumi International Airport

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1920

Bangkok Mass Transit System (BTS; also called “Skytrain”), mainly built to alleviate heavy traffic in the city, starts operation on December 5, 1999; the service is operated by Bangkok Mass Transit System Public Co. Ltd. (BTSC)

Source: State Railway of Thailand; Web research

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OVERVIEW OF THE THAI RAILWAY SECTOR

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Thailand’s rail system has continuously grown over time, and is about to face another major expansion Future outlook

Development of track km over time (kilometer of tracks in Thailand)

Significant expansion of railway tracks by 67% compared to current network

▪ 

Government plans to build highspeed railway connections to major cities within Thailand:

+67%

–  Phase 1: Bangkok – Nakhon Rachasima (260km)

–  Phase 2: Bangkok – –  Phase 3: Bangkok – Hua Hin (200km)

▪ 

1868

1910

1924

1946

Source: State Railway of Thailand, Reuters

2013 2017e 2020e

Future plans for further expansion to connect neighbouring countries:

▪ 

Bangkok – Vientiane / Laos (615km)

▪ 

Bangkok – Padang Basar / Malaysia (980km)

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Chiangmai (700km)

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OVERVIEW OF THE THAI RAILWAY SECTOR

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There are 4 railway operators in Thailand (1/2) State Railway of Thailand (SRT)

State Railway of Thailand Electrified Train (SRTET)

Operations ▪  Currently, total track length of 4,035 km, connecting the North, Northeast, East, and South of Thailand ▪  Extension of 1,160 km planned and additional 1,595 km under discussion ▪  Active fleet of 483 tractive stock: –  222 Diesel Electric Locomotives –  31 Diesel Hydraulic Locomotives –  230 Diesel Multiple Units

Operations ▪  Currently, total track length of 28.6 km connecting only Suvarnabhumi Airport to central Bangkok ▪  Plans to extend the Airport Rail Link to Don Mueng Airport ▪  Train fleet consists of the Siemens Desiro class 360/2 ▪  Total of 9 trains in operation

Source: State Railway of Thailand; BTS; MRTA; Web research

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Brief description ▪  Subsidiary of the state-owned rail operator SRT operating only in Bangkok ▪  Operates the Airport Rail Link train system which connects Suvarnabhumi Airport to central Bangkok since 2010

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Brief description ▪  State-owned rail operator with nation-wide connections to major cities in Thailand ▪  Operating train services since 1890 ▪  The SRT operates all of Thailand's national rail lines, with Hua Lamphong (or Krungthep Station) being the main passenger terminal for all routes

OVERVIEW OF THE THAI RAILWAY SECTOR

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There are 4 railway operators in Thailand (2/2) Bangkok Mass Transit System Company Limited (BTSC)

Bangkok Metro Public Company Limited (BMCL)

Operations ▪  Total track length 36.75 km with 2 lines between Central Business District and surrounding areas in 4 directions (N, W, E, S) ▪  Rolling stock from Siemens (35 trains, since 1999) and China Northern Railway – Bombardier Joint Venture (12 trains, since 2010)

Operations ▪  Total track length 20 km with currently only one line, connecting Hua Lamphong central train station with the Central Business District and northern suburbs ▪  Rolling stock from Siemens (19 trains, since 2004)

Source: State Railway of Thailand; BTS; MRTA; Web research

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Brief description ▪  Under a concession granted by the Mass Rapid Transit Authority of Thailand (MRTA) ▪  Operates the MRT underground rapid transit system serving the Bangkok Metropolitan Region ▪  In operation since 2004

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Brief description ▪  Subsidiary of BTS Group Holdings under a concession granted by the Bangkok Metropolitan Administration (BMA) ▪  Operates the BTS elevated rapid transit system serving the Bangkok Metropolitan Region ▪  In operation since 1999

OVERVIEW OF THE THAI RAILWAY SECTOR

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Three governing bodies oversee Thailand’s railway systems National

Government Bodies State Enterprises Private Companies

Bangkok

Subsidiary

Governing Bodies

MOT Ministry of Transport BMA Bangkok Metropolitan Administration

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Operators

MRTA Mass Rapid Transit Authority

SRT State Railway of Thailand

National Rail

Source: Team analysis

High Speed Train

SRTET SRT Electrified Train

BMCL Bangkok Metro Public Company Limited

BTSC Bangkok Mass Transit System Company Limited

Airport Rail Link

MRT (Underground Train)

BTS (Skytrain)

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Train systems

Future

OVERVIEW OF THE THAI RAILWAY SECTOR

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Regulators

Roles / Responsibilities

Relevance

Ministry of Transport (MOT)

!  Policy maker for transportation-related business, traffic planning, transport infrastructure !  Propose transport projects to parliament

!  Oversees all transport activities and related agencies

Mass Rapid Transit Authority (MRTA)

!  Study, analyze, and formulate projects concerning mass rapid transit in Bangkok and its vicinity (as well as other appointed provinces) !  Project owner of most Bangkok mass transit lines

!  Provides concession to BMCL (25% owner)

Bangkok Metropolitan Administration (BMA)

!  Formulate and implement policies regarding the management of Bangkok: transport services, urban planning, waste management, housing, roads and highways, security services and the environment. !  Project owner of several Bangkok mass transit lines

!  Provide concession to BTSC

Office of Transport and Traffic Policy and Planning (OTP)

!  Planning of policies, safety, unity of national transport !  In accordance to the policies of Ministry of Transport

!  Regulators

Department of Land and Transport (DLT)

!  Systemize, regulate land transport, implement plans

!  Regulators

State Railway of Thailand (SRT)

!  Operator of national railways and future high speed trains

!  National railway operator

SRT Electric Train (SRTET)

!  Operator of the Airport Rail Link that connects central Bangkok to Suvarnabhumi Airport

!  Subsidiary of SRT

Bangkok Metro Public Company Limited (BMCL)

!  Operator of the MRT (underground train) in Bangkok !  Other business segments: commercial development

!  MRT operator

Bangkok Mass Transit System Company Limited (BTSC)

!  Operator of the BTS (skytrain) in Bangkok !  Other business segments: property, media, services

!  BTS operator

Source: Ministry of Transport; Web research

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Operators

Entity

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Governing Bodies

Relevant entities in Thailand’s railway system have clearly defined roles

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OVERVIEW OF THE THAI RAILWAY SECTOR

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The Thai railway sector faces several challenges, which is reflected in the low international ranking of rail infrastructure quality Quality of Infrastructure (Ranking out of 148 countries) Country

Rail

Road

Port

Air

Overall

on single-track rails; average train speeds

Japan

1

12

30

37

14

are only 39 km/hour for freight and 60 km/

Switzerland

2

8

40

7

1

hour for passenger trains

Hong Kong

3

5

3

2

2

Singapore

10

7

2

1

5

Malaysia

18

23

24

20

25

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Indonesia

44

78

89

68

82

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Vietnam

58

102

98

92

110

Thailand

72

42

56

34

61

Philippines

89

87

116

113

98

104

138

136

146

146

!  The SRT’s trains are very old and run mostly

!  Train delays are common due to undermaintained tracks !  The Bangkok mass rapid transit system are only concentrated in the CBD, with a reach of only 7.6 km per million people !  Safety is a major concern, with several train derailments each year

Myanmar

Source: Global Competitiveness Report (WEF); Office of Transport and Traffic Policy and Planning (OTP)

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OVERVIEW OF THE THAI RAILWAY SECTOR

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Within the Government’s THB 2.0 trillion Infrastructure Investment Program, a major portion will go to railway projects Out of the Government’s THB 2.0 trillion infrastructure program…

100% = THB 2.0 trillion (USD 66.7 bn) Working Draft - Last Modified 7/29/2011 8:36:50 PM

Key Points: ▪  Plan to secure 2.0 trillion baht by year 2020 for transportation infrastructure development ▪  Key focus is to cause a modal shift from road to rail transport

… 83% are allocated to railway projects

Water Others Road

1% 2%

Details: ▪  Rail expansion is split into 3 types of projects (High Speed Rail, Double Tracks, and Urban Transport) ▪  Road projects include the construction of highways, bridges, and railway crossings Status: Awaiting approval of bill by Parliament

Source: Ministry of Transport; Web Research, Phatra Securities

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Key Objectives: ▪  Cut logistics cost from 15.2% to 13.2% of GDP ▪  Create 1.6mn jobs ▪  Annual GDP growth of 1%

83% Rail THB 1.66 trillion (USD 55.3 billion) to be used for rail network

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OVERVIEW OF THE THAI RAILWAY SECTOR

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Railway expansion projects can be broken down into 3 groups of projects Breakdown of rail budget allocation1 100% = THB 1.66 trillion (USD 55.3 bn)

28%

High Speed Trains 47%

24%

Double-Track Rail Improvements ▪  Project owner: SRT ▪  Track length: 2,857 km by year 2020 ▪  Connectivity: 43 provinces ▪  Planned spent for expansion: approximately THB 398 billion (USD 13 billion) ▪  Project Timeline: 2013-2020

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DoubleTrack rail

High Speed Trains ▪  Project owner: SRT (initially, then spun off as separate)2 ▪  Track length: 1,447 km ▪  Connectivity: (1) BKK-Chiang Mai, (2) BKK-Nong Kai, (3) BKK-Rayong, (4) BKK-Padang Besar ▪  Planned spent for expansion: approximately THB 780 billion (USD 26 billion) ▪  Project Timeline: 2013-2018

Bangkok Mass Transit Systems ▪  Project owner: SRT, SRTET, MRTA, BMA ▪  Possible operators: SRT, SRTET, BMCL, BTSC ▪  Track length: 421.55 km ▪  Connectivity: 10 lines ▪  Planned spent for expansion: approximately THB 465 billion (USD 16 billion) ▪  Project Timeline: 2013-2020

Source: 1Bangkok Post, 26 July 2013; Web research, 2Phatra Securities, Ministry of Transport

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BKK Mass Transit systems

Major expansion projects (2013-2020)

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OVERVIEW OF THE THAI RAILWAY SECTOR

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Railway expansion will commence promptly after the approval of the Infrastructure Investment Program by parliament Activity

2013 2014 2015 2016 2017

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Source: Ministry of Transport; as of 30 July 2013

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State Railway of Thailand (SRT) !  Bidding process for the construction of 3 high-speed rail lines (BKK-Chiangmai, BKK-Pitsanulok, BKK-Padang Besar) !  Bidding process for 5 double-rail tracks !  Bidding process for new SRT line (Den Chai – Chiang Rai – Chiang Kong) !  Bidding process for high-speed rail lines to connect Suvanarnabhumi Airport (via Airport Rail Link) – Chonburi – Pattaya – Rayong !  Bidding process for new SRT line (Baan Pa Chi – Nakorn Luang) !  Bidding process for the construction of 6 double-rail tracks !  Bidding process for new SRT line (Baan Pai – Nakorn Panom) !  Maintenance and repair of tracks, sleepers, bridges and fences Bangkok Mass Transit !  Construction of ongoing projects –  Purple line (Bangyai-Bangsue) –  Blue line (Hua lamphong-Bangkae and Bangsue-Tha Pra) –  Green line (Bearing-samutprakan) !  Bidding process for mass rapid transit lines –  (1) Light red line –  (2) Dark red line –  (3) Green line (Mochit – Kukot) –  (4) Pink line –  (5) Orange line –  (6) Yellow line !  Bidding process for mass rapid transit line: –  (1) Green line (Samut Prakarn – Bang Pu) –  (2) Connection of Suvarnabhumi Airport to Don Muang Airport (Bang Sue / Phayathai) UMI Asia (Thailand) Ltd.

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OVERVIEW OF THE THAI RAILWAY SECTOR

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The majority of spending will happen during 2016-2018 Cumulative spend Planned Investment

Planned investment for transportation infrastructure (2013-2020) (THB Billion; Cumulative spend in Percent)

100%

471

450

90%

426

400

80%

372

350

70% 293

300

60% 50%

200 150

150

40%

172

30% 95

100 50 0

20% 10%

0 2013

0 2014

Source: Ministry of Transport; as of 30 July 2013

2015

2016

2017

2018

2019

2020

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250

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500

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Contents

▪ 

Overview of the Thai railway sector

▪ 

National Railway

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Thailand – Country overview and economic outlook

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▪ 

–  State Railway of Thailand (SRT) ▪ 

Urban Transport

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STATE RAILWAY OF THAILAND (SRT)

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Table of Contents

State Railway of Thailand (SRT) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

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4.  Key statistics and additional information 5.  Current challenges 6.  Expansion plans

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STATE RAILWAY OF THAILAND (SRT)

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Company Profile: State Railway of Thailand (SRT) Company Description ▪  SRT is a state-owned enterprise; in operation since 1890 ▪  SRT operates the nation-wide rail network and also owns the SRTET, a subsidiary that operates the Airport Rail Link in Bangkok

Logo

Rolling stock ▪  Total of 253 locomotives in use, including Diesel Electric Locomotives and Diesel Hydraulic Locomotives ▪  Total of 1244 passenger coaches in use ▪  Total of 5041 freight wagons in use

Current Budget (THB million)1

Ownership structure (Percent)

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100% = 18,061.27 Remaining budget 5% Liability

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Track data ▪  Track length: 4,035 km ▪  Track gauge: 1,000 mm ▪  Northern Line, Northeastern Line, Eastern Line, South Line, Mae Klong ▪  Mostly single-track rails

State-owned

16% 100% Used 79%

1 As of 30 Jun 2013 Source: State Railway of Thailand; Web research, Ministry of Transport: Budget 2556 Presentation

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STATE RAILWAY OF THAILAND (SRT)

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Organization Chart of SRT

Board of Commissioners [Ms. Soithip Traisuth]

Governor [Mr. Prapas Jongsa-nguan]

Internal Audit Department [Mr. Kriangkrai Nuchlamyong]

Governor Bureau [Mr. Surat Dabmai]

Policy, Planning, Service, Research and Development Bureau [Mr. Aek Sithiwaekin]

Property Management Bureau [Ms. Moleemas Chatrakom]

Public Relation and Tourism Services Center [Ms. Montakarn Sriwilas]

Chief Operation [Mr. Sipith Thetha]

Board of Commissioners, Coordination and Secretarial Center [Mr. Vichai Kasisopa]

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Legal Bureau [Mr. Vitoon Sansoen]

Verify Control and Evaluation Division [Mr. Podchana Vipatawat]

Deputy Governor Infrastructure 1 [Mr. Pakorn Tangjaedsakao]

Deputy Governor Infrastructure 2 [Mr. Kamol Tangkijcharoenchai]

Deputy Governor Administration [Mr. Viroj Triampongpat]

Business Unit Traffic Management [Mr. Prachak Manotham]

Signalling and Telecommunications Department [Mr. Soonthorn Balyor]

Personnel Department [Mr. Peerapat Pantrakarn]

Traffic Department [Mr. Charaspan Racharothai]

Special Project and Construction Department [Mr. Charae Rungthanee]

Electrified Rail Management Bureau [Mr. Sitthichai Boonsermsuk]

Finance and Accounting Department [Mr. Peeradej Nukwan]

Marketing Department [Mr. Worawuth Mala]

Information System Department [Mr. Awirut Thongnet]

Container Transport Bureau [Mr. Kanuan Kamnak]

Property Management and Development Department [Mr. Paisarn Subrungroj]

Business Unit Maintenance [Mr. Sitthipong Promla]

Mechanical Engineering Department [Mr. Narongrit Siwasaroj]

Printed

Civil Engineering Department [Mr. Suprapas Saeneewong Na Ayuthaya]

Business Unit Property Management [Mr. Prasert Atthanan]

Stores Department [Mr. Thaweesak Sutthiserm ]

Medical Bureau [Dr. Laksamee Riankittiwat] SRTET Co., Ltd. Airport Rail Link Risk Management Center [Ms. Suwan Kliangpraneet]

Railway Police Division [Pol.Maj.Gen. Surapong Siripakdee]

Source: State Railway of Thailand; Web research

UMI Asia (Thailand) Ltd.

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Table of Contents

State Railway of Thailand (SRT) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

Printed

4.  Key statistics and additional information 5.  Current challenges 6.  Expansion plans

UMI Asia (Thailand) Ltd.

| 27

STATE RAILWAY OF THAILAND (SRT)

DOC ID

SRT’s total rail network covers 4,035 km of track Current route network Northern Route ▪  Track length: 781 km ▪  Key Cities: Ayutthaya, Lopburi, Pitsanulok, Chiangmai ▪  Connection frequency: 23 times per day ▪  Travel duration: ~12 hours (BKK-Chiangmai) Working Draft - Last Modified 7/29/2011 8:36:50 PM

Northeastern Route ▪  Track length: 1,093 km ▪  Key Cities: Saraburi, Nakhon Ratchasima, Ubon Ratchathani, Konkaen, Udon Thani, Nongkhai ▪  Connection frequency: 17 times per day ▪  Travel duration: ~13 hours (BKK-Nong Khai)

Printed

Eastern Route ▪  Track length: 527 km ▪  Key Cities: Chachoengsao, Chonburi, Pattaya, Sattahip ▪  Connection frequency: 12 times per day ▪  Travel duration: ~4 hours (BKK-Pattaya) Southern Route ▪  Track length: 1,569 km ▪  Key Cities: Chumphol, Surat Thani, Hat Yai (on to Singapore) ▪  Connection frequency: 13 times per day ▪  Travel duration: ~22 hours (BKK-Sungai Kolok) Mae Klong Route ▪  Track length: 65 km ▪  Key Cities: Samut SongKhram ▪  Connection frequency: 8 times per day ▪  Travel duration: ~1 hour (Ban Leam-Mae Klong) Source: State Railway of Thailand; Web research

UMI Asia (Thailand) Ltd.

| 28

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Out of SRT’s 4,035 km of track, 93% are currently single track Thailand’s track infrastructure by type1 (Track km)

107 Working Draft - Last Modified 7/29/2011 8:36:50 PM

173

Printed

1 

Single Track

Double Track

Triple Track

Total

93%

4%

3%

100%

Numbers as of 2009; excludes commercial tracks / separate track systems

Source: State Railway of Thailand; Web research

UMI Asia (Thailand) Ltd.

| 29

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Most sleepers are mono concrete block type sleepers Breakdown of sleepers by type1 (Track km)

Mono concrete block

Total

1 

2,565,002

4,794,889

2,637

Printed

Two concrete block

1,539

459,304

253

4,429

7,819,195

Numbers as of 2009; excludes commercial tracks / separate track systems

Source: State Railway of Thailand; Web research

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Wooden block

Sleeper count (Number)

UMI Asia (Thailand) Ltd.

| 30

STATE RAILWAY OF THAILAND (SRT)

DOC ID

In main routes, most of the old rails are 70 pound-type, while new rails are 100 pound-type Breakdown of rails by type1 (Track km)

Age (Years)

Main Routes

60 Pound

70-75 Pound

335

Working Draft - Last Modified 7/29/2011 8:36:50 PM

>47

50 Pound

>44

1,738

45

Printed

80-85 Pound

100 Pound

Total 1 

34

811

4-10

1,423

4,364

Numbers as of 2009; excludes commercial tracks / separate track systems

Source: State Railway of Thailand; Web research

UMI Asia (Thailand) Ltd.

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

More than half of the rails in Mahachai – Mae Klong Route are 50-60 poundtype, all of which are over 40 years old Breakdown of rails by type1 (Track km)

Age (Years) Working Draft - Last Modified 7/29/2011 8:36:50 PM

Mahachai – Mae Klong Route

>40

70 Pound

41

Printed

50-60 Pound

Total

1 

Numbers as of 2009; excludes commercial tracks / separate track systems

Source: State Railway of Thailand; Web research

UMI Asia (Thailand) Ltd.

| 32

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Table of Contents

State Railway of Thailand (SRT) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

Printed

4.  Key statistics and additional information 5.  Current challenges 6.  Expansion plans

UMI Asia (Thailand) Ltd.

| 33

STATE RAILWAY OF THAILAND (SRT)

DOC ID

For tractive stock, SRT has a total of 253 locomotives in use Tractive Stock In Use 36 21 19 8 29 46 46 14 3 222

Age (Years) 16 19 27 29 31-32 37-38 45-48 57-60 56-57

Diesel Hydraulic Locomotive !  KP !  HE !  HU !  HAS Total

Total 14 6 1 10 31

In Use 14 6 1 10 31

Age (Years) 43 48 47 26-27

Source: State Railway of Thailand; fiscal year 2012

Printed

Total 38 22 20 8 30 46 46 14 3 227

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Diesel Electric Locomotive !  GEA !  HID !  ADD !  ALD !  AHK !  ALS !  GE !  DA.500 !  DA.1000 Total

UMI Asia (Thailand) Ltd.

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

For tractive stock, SRT has a total of 230 Diesel Multiple Units in use Tractive Stock Total 63 40 62 11 20 12 20 8 236

In Use 63 38 62 11 17 12 19 8 230

Age (Years) 41-45 29 27 27 21 16 16 16

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Diesel Multiple Units !  HI-Renovate !  THN !  NKF !  ATR !  ASR !  APD.20 !  APD.60 !  APN.20 Total

Printed

Source: State Railway of Thailand; fiscal year 2012

UMI Asia (Thailand) Ltd.

| 35

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Fleet age is a major challenge for SRT, with most of its tractive stock between 26-30 years old Age profile of SRT’s tractive stock (Number of locomotives and DMUs per age group)

Working Draft - Last Modified 7/29/2011 8:36:50 PM Printed

15 years or less

16-20 years

21-25 years

Source: State Railway of Thailand; fiscal year 2012

26-30 years

31-35 years

36-40 years

41-45 years

46-50 years

>50 years

UMI Asia (Thailand) Ltd.

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Locomotive fleet (1/5) CM22-7i (GEA) 4523-4560 Technical Details

Technical Details

Manufacturer:

General Electric

Numbers:

4523 – 4560

Year(s) built:

1995-1996

Quantity:

38

Horsepower:

2,860 (2 x 1,430)

Max Speed:

100 km/h

Note:

Second batch of Main Line Locomotive Programme, use Cummins KTA-50L engine

Manufacturer:

Hitachi

Numbers:

4501 – 4522

Year(s) built:

1993

Quantity:

22

Horsepower:

2,860 (2 x 1,430)

Max Speed:

100 km/h

Note:

First batch of Main Line Locomotive Programme, used MAN B&W Diesel engine in short term, then replaced by Cummins KTTA-50L engine, later modified to KTA-50L

UMI Asia (Thailand) Ltd.

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Printed

Source: State Railway of Thailand; Web research

▪  ▪  ▪  ▪  ▪  ▪  ▪ 

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪  ▪  ▪  ▪  ▪ 

8FA-36C (HID) 4501-4522

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Locomotive fleet (2/5) AD24C (ADD) 4401-4420 Technical Details

Technical Details

Manufacturer:

Alsthom

Numbers:

4401 – 4420

Year(s) built:

1985

Quantity:

20

Horsepower:

2,400

Max Speed:

100 km/h

Note:

Fourth and last batch of AD24C

▪  ▪  ▪  ▪  ▪  ▪  ▪ 

Manufacturer:

Alsthom

Numbers:

4301 – 4309

Year(s) built:

1983

Quantity:

9

Horsepower:

2,400

Max Speed:

100 km/h

Note:

Third batch of AD24C

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪  ▪  ▪  ▪  ▪ 

AD24C (ALD) 4301-4309

Printed

Source: State Railway of Thailand; Web research

UMI Asia (Thailand) Ltd.

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Locomotive fleet (3/5) AD24C (AHK) 4201-4230 Technical Details

Technical Details

Manufacturer:

Alsthom, Henschel, and Krupp

Numbers:

4201 – 4230

Year(s) built:

1980

Quantity:

30

Horsepower:

2,400

Max Speed:

100 km/h

Note:

Second batch of AD24C, built under license by Henschel and Krupp

▪  ▪  ▪  ▪  ▪  ▪  ▪ 

Manufacturer:

Alsthom

Numbers:

4101 – 4154

Year(s) built:

1974-75

Quantity:

54

Horsepower:

2,400

Max Speed:

90 km/h

Note:

First batch of AD24 locomotives

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪  ▪  ▪  ▪  ▪ 

AD24C (ALS) 4101-4154

Printed

Source: State Railway of Thailand; Web research

UMI Asia (Thailand) Ltd.

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Locomotive fleet (4/5) M1500BB (KP) 3101-3130 Technical Details

Technical Details

Manufacturer:

Krupp and Krauss-Maffei

Numbers:

3101 – 3130

Year(s) built:

1969

Quantity:

30

Horsepower:

1,500

Max Speed:

90 km/h

Note:

Diesel Hydraulic Locomotive

▪  ▪  ▪  ▪  ▪  ▪  ▪ 

Manufacturer:

General Electric

Numbers:

4001 – 4050

Year(s) built:

1964 and 1966

Quantity:

50

Horsepower:

1,320 (2 x 660)

Max Speed:

90 km/h

Note:

Plans for refurbishment after 2010

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪  ▪  ▪  ▪  ▪ 

UM12C (GE) 4001-4050

Printed

Source: State Railway of Thailand; Web research

UMI Asia (Thailand) Ltd.

| 40

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Locomotive fleet (5/5) DH1200BB (HE) 3001-3027 Technical Details Henschel

Numbers:

3001 – 3027

Year(s) built:

1964

Quantity:

27

Horsepower:

1,200

Max Speed:

90 km/h

Note:

All locomotives except #3015 are withdrawn; #3026 preserved; Some of them were sold to Italian-Thai construction and rebuilt by Vossloh, rest were scrapped

Source: State Railway of Thailand; Web research

Printed

Manufacturer:

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪  ▪  ▪  ▪  ▪ 

UMI Asia (Thailand) Ltd.

| 41

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Diesel Multiple Units (1/4) RTS

RHN

Technical Details

▪  ▪ 

Technical Details

Manufacturer:

Tokyu

Numbers:

D9-D16 (power cars)

▪  ▪ 

Manufacturer:

Hitachi

Numbers:

1011-1028 (power cars)

▪  ▪  ▪  ▪ 

1971

Horsepower:

220

Max Speed:

70 km/h

Note:

Ex-Mahachai railways, to be refurbished. Similar bodyshell of THN and NKF but with different formation (power car-2 trailer cars).

Source: State Railway of Thailand; Web research

11-48 (trailer cars)

▪  ▪  ▪  ▪ 

Year(s) built:

1967

Horsepower:

220

Max Speed:

90 km/h

Note:

Now used as a Northeastern line commuter train.

Printed

Year(s) built:

Working Draft - Last Modified 7/29/2011 8:36:50 PM

TS4-TS7 (central/trailer cars)

UMI Asia (Thailand) Ltd.

| 42

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Diesel Multiple Units (2/4) THN

NKF

Technical Details Manufacturer:

Tokyu, Hitachi, Nippon Sharyo

Numbers:

1101-1140

Year(s) built:

1983

Horsepower:

235

Max Speed:

105 km/h

Note:

Similar to NKF

Manufacturer:

Nippon Sharyo, Hitachi, Fuji Heavy Industries, Kawasaki Heavy Industries, Niigata Takkousho, Kinki Sharyo

▪  ▪  ▪  ▪  ▪ 

Numbers:

1201-1264 (center), 2101-2112

Year(s) built:

1985

Horsepower:

235

Max Speed:

105 km/h

Note:

Similar to THN, but with plastic chairs

UMI Asia (Thailand) Ltd.

| 43

Printed

Source: State Railway of Thailand; Web research

▪ 

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪  ▪  ▪  ▪ 

Technical Details

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Diesel Multiple Units (3/4) ASR (Class 158 Express Sprinter) Technical Details

Technical Details BREL, Derby Works

Numbers:

2501-2512 (center), 2113-2120

Year(s) built:

1991

Horsepower:

285

Max Speed:

120 km/h

Note:

Metre gauge version of British Rail Class 158, with different gangways and couplers. 3-car set. Some of them have been refurbished with new seats, vinyl floor and new livery

Source: State Railway of Thailand; Web research

▪  ▪  ▪  ▪  ▪  ▪ 

Manufacturer:

Daewoo Heavy Industries

Numbers:

2513-2524 (center), 2121-2128

Year(s) built:

1995

Horsepower:

298

Max Speed:

120 km/h

Note:

First batch, narrow body.

Printed

Manufacturer:

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪  ▪  ▪  ▪ 

APD.20

UMI Asia (Thailand) Ltd.

| 44

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Diesel Multiple Units (4/4) APD.60 Technical Details Manufacturer:

Daewoo Heavy Industries

Numbers:

2525-2544

Year(s) built:

1996

Horsepower:

298

Max Speed:

120 km/h

Note:

Second batch, wide body.

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪  ▪  ▪  ▪ 

Printed

Source: State Railway of Thailand; Web research

UMI Asia (Thailand) Ltd.

| 45

STATE RAILWAY OF THAILAND (SRT)

DOC ID

In terms of trailing stock, SRT 6,329 units are in use Trailing Stock In Use 1919 3117 5 5041

Age (Years) 25-110 2-86 20

Passenger Cars

Total

In Use

Age (Years)

!  Air conditioned !  Non air conditioned !  Food selling !  Baggage !  Others (non-commercial) Total

292 770 60 79 15 1260

285 766 59 75 15 1244

15-53 29-88 38-83 31-97 45-99

Service Cars !  Emergency bogie !  Track maintenance bogie Total

Total 27 17 44

In Use 27 17 44

Age (Years) 59-92 36-97

Source: State Railway of Thailand; fiscal year 2012

UMI Asia (Thailand) Ltd.

Printed

Total 2322 3310 5 5637

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Freight Wagons !  4-wheels !  8-wheels !  12-wheels Total

| 46

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Freight wagons are classified into 3 types

Type 1: Covered Goods Wagon Working Draft - Last Modified 7/29/2011 8:36:50 PM

!  For goods that may be damaged from exposure to sunlight, wind and rain or goods that are flammable or dangerous !  4-wheel cars: for cargo with weight limit of 13,500-15,000 kilograms !  8-wheel cars: for cargo with weight limit of 25,000-36,000 kilograms Type 2: Uncovered Goods Wagon

Printed

!  4 wheels: for cargo with weight limit of 13,500-15,000 kilograms !  8 wheels: for cargo with weight limit of 23,000-28,000 kilograms Type 3: Specific Job

UMI Asia (Thailand) Ltd.

| 47

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Type 1 Freight Wagons (1/2) Covered Goods Wagon (CG) Technical Details

Technical Details Fuji Japan

Model:

150401-151240

Dimensions:

2300 x 6900 x 3310 mm (WxLxH)

▪  ▪ 

Wheels:

4

Weight:

8.90 tons (empty), 23.9 tons (full)

▪  ▪ 

Goods weight: Max 13,500-15,000 kg 1965

Source: State Railway of Thailand; Web research

▪  ▪  ▪ 

Manufacturer:

Korea

Models:

25001-25158

Dimensions:

2400 x 13200 x 3380 mm (WxLxH)

▪  ▪ 

Wheels:

8

Weight:

16.15 tons (empty), 42.85 tons (full)

▪  ▪ 

Goods weight: Max 25,000-36,000 kg Used since:

1983

Printed

Manufacturer:

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪ 

Used since:

Bogic Covered Goods Wagon (BCG)

UMI Asia (Thailand) Ltd.

| 48

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Type 1 Freight Wagons (2/2) Salt Wagon (SW)

Salt Wagon (SW)

Technical Details

Technical Details Yosoki Japan

Model:

61-130

Dimensions:

2127 x 6550 x 3149 mm (WxLxH)

▪  ▪ 

Wheels:

4

Weight:

8.00 tons (empty), 21.5 tons (full)

▪  ▪ 

Goods weight: Max 13,500-15,000 kg Used since:

1961

Source: State Railway of Thailand; Web research

▪  ▪  ▪ 

Manufacturer:

Belgium

Models:

15001-15100

Dimensions:

2300 x 6900 x 3310 mm (WxLxH)

▪  ▪ 

Wheels:

4

Weight:

9.00 tons (empty), 24.00 tons (full)

▪  ▪ 

Goods weight: Max 13,500-15,000 kg Used since:

1965

Printed

Manufacturer:

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪ 

UMI Asia (Thailand) Ltd.

| 49

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Type 2 Freight Wagons (1/5) Low Sided Wagon (LS) Technical Details

Technical Details Japan

Model:

1177-1381

Dimensions:

2450 x 6850 x 1575 mm (WxLxH)

▪  ▪ 

Wheels:

4

Weight:

7.38 tons (empty), 20.88 tons (full)

▪  ▪ 

Goods weight: Max 13,500 kg 1941

Source: State Railway of Thailand; Web research

▪  ▪  ▪ 

Manufacturer:

Marcor USA

Models:

1382-1431

Dimensions:

2180 x 6553 x 1590 mm (WxLxH)

▪  ▪ 

Wheels:

4

Weight:

7.60 tons (empty), 21.10 tons (full)

▪  ▪ 

Goods weight: Max 13,500 kg Used since:

1952

Printed

Manufacturer:

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪ 

Used since:

Low Sided Wagon (LS)

UMI Asia (Thailand) Ltd.

| 50

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Type 2 Freight Wagons (2/5) Bogic Low Sided Wagon (BLS) Technical Details

Technical Details N/A

Model:

N/A

Dimensions:

2400 x 12000 x 1594 mm (WxLxH)

▪  ▪ 

Wheels:

8

Weight:

14.20 tons (empty), 42.20 tons (full)

▪  ▪ 

Goods weight: Max 28,000 kg 1968-1969

Source: State Railway of Thailand; Web research

▪  ▪  ▪ 

Manufacturer:

Nippon Shapyo Japan

Models:

15001-15050

Dimensions:

2442 x 6900 x 2149 mm (WxLxH)

▪  ▪ 

Wheels:

4

Weight:

8.90 tons (empty), 23.90 tons (full)

▪  ▪ 

Goods weight: Max 15,000kg Used since:

1967

Printed

Manufacturer:

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪ 

Used since:

High Sided Wagon (HS)

UMI Asia (Thailand) Ltd.

| 51

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Type 2 Freight Wagons (3/5) Bogie High Sided Wagon (BHS) Technical Details

Technical Details

Manufacturer:

Australia

Model:

161-260

Dimensions:

2438 x 12001 x 2235 mm (WxLxH)

▪  ▪ 

Wheels:

8

Weight:

15.20 tons (empty), 41.20 tons (full)

▪  ▪ 

Goods weight: Max 26,000-28,000 kg

▪  ▪  ▪ 

Manufacturer:

N/A

Model:

N/A

Dimensions:

2740 x 3960 x 1305 mm (WxLxH)

▪  ▪ 

Wheels:

4

Weight:

8.00 tons (empty), 12.50 tons (full)

▪ 

Used since:

1939

1962

Printed

Source: State Railway of Thailand; Web research

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪ 

Used since:

Hopper Wagon (HW)

UMI Asia (Thailand) Ltd.

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Type 2 Freight Wagons (4/5) Bogie Hopper Wagon (BHW) Technical Details

Bogie Hopper Wagon (BHW) Technical Details

Manufacturer:

Germany

Model:

27-56

Dimensions:

2365 x 11510 x 2115 mm (WxLxH)

▪  ▪ 

Wheels:

8

Weight:

15.25 tons (empty), 41.75 tons (full)

▪ 

Used since:

1976

▪  ▪  ▪ 

Manufacturer:

Japan

Model:

42101-42120

Dimensions:

2000 x 12500 x 2850 mm (WxLxH)

▪  ▪ 

Wheels:

8

Weight:

18.30 tons (empty), 60.00 tons (full)

▪ 

Used since:

1998

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪ 

Printed

Source: State Railway of Thailand; Web research

UMI Asia (Thailand) Ltd.

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Type 2 Freight Wagons (5/5) Low-Sided Tipping Wagon (LT) Technical Details

Bogie Flat Wagon (BFW) Technical Details

Manufacturer:

Taiwan

Model:

15051-15100

Dimensions:

2450 x 6900 x 2103 mm (WxLxH)

▪  ▪ 

Wheels:

4

Weight:

10.40 tons (empty), 23.90 tons (full)

▪ 

Used since:

1969

▪  ▪  ▪ 

Manufacturer:

USA

Model:

71-255

Dimensions:

2184 x 10578 x 2525 mm (WxLxH)

▪  ▪ 

Wheels:

4

Weight:

10.00 tons (empty), 33.00 tons (full)

▪ 

Used since:

1947-1951

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪ 

Printed

Source: State Railway of Thailand; Web research

UMI Asia (Thailand) Ltd.

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Type 3 Freight Wagons (1/4) Oil-Tank Wagon (OT) Technical Details

▪ 

Technical Details Manufacturer:

N/A

Model:

N/A

6550 x 3115 mm (LxH)

▪  ▪  ▪ 

Dimensions:

9.50 tons (empty), 21.00 tons (full)

2425 x 9400 x 1518 mm (WxLxH)

▪ 

Weight:

14.66 tons (empty), 25.00 tons (full)

▪  ▪ 

Goods weight: Max 25,000 kg

Manufacturer:

Belgium

Model:

515001-515010

Dimensions: Weight: Used since:

1962-1970

Used since:

1953

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪  ▪ 

Bogie Oil-Tank Wagon (BOT)

Printed

Source: State Railway of Thailand; Web research

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Type 3 Freight Wagons (2/4) Container Flat Wagon (CF) Technical Details

Bogie Container Flat Wagon (BCF) Technical Details

Manufacturer:

N/A

Model:

N/A

Dimensions:

2300 x 6900 mm (LxH)

Wheels:

4

Weight:

16.90 tons (empty), 27.00 tons (full)

▪ 

Used since:

1986

▪  ▪  ▪ 

Manufacturer:

N/A

Model:

N/A

Dimensions:

2400 x 14000 x 3918 mm (WxLxH)

▪ 

Weight:

15.00 tons (empty), 60.00 tons (full)

▪  ▪ 

Goods weight: 24,000-38,000 kg Used since:

1989

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪  ▪  ▪ 

Printed

Source: State Railway of Thailand; Web research

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Type 3 Freight Wagons (3/4) Bogie Cement Hopper Wagon (Pressure Discharge) (BCP) Technical Details

Bogie Cement Hopper Wagon (BCS) Technical Details

Manufacturer:

China

▪  ▪  ▪ 

Manufacturer:

N/A

Model:

444141-444249

Model:

N/A

Dimensions:

2400 x 12500 x 3640 mm (WxLxH)

Dimensions:

2400 x 12500 x 3886 mm (WxLxH)

▪ 

Weight:

19.70 tons (empty), 55.00 tons (full)

▪ 

Weight:

18.00 tons (empty), 52.00 tons (full)

▪ 

Used since:

1996

▪ 

Used since:

1981

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪ 

Printed

Source: State Railway of Thailand; Web research

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Details on SRT’s Type 3 Freight Wagons (4/4) Bogie Heavy Flat Wagon (BFH) Technical Details

Brake Van (BV) Technical Details

Manufacturer:

Belgium

▪  ▪  ▪ 

Manufacturer:

Taipei, Taiwan

Model:

45-110

Model:

15001-15100

Dimensions:

2450 x 12000 x 1323 mm (WxLxH)

Dimensions:

2180 x 6550 x 3236 mm (WxLxH)

▪ 

Weight:

16.40 tons (empty), 40.40 tons (full)

▪ 

Weight:

9.85 tons (empty), 15.35 tons (full)

▪ 

Used since:

1958

▪ 

Used since:

1965

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪ 

Printed

Source: State Railway of Thailand; Web research

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DOC ID

Table of Contents

State Railway of Thailand (SRT) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

Printed

4.  Key statistics and additional information 5.  Current challenges 6.  Expansion plans

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

SRT has 8 different train services for passenger transport !  Type 1: Special Express

!  For long distance routes with few stops in key cities !  Currently 10 trains operating this service

!  Type 2: Express

!  Similar to Special Express service with more freight bogies !  Currently 9 trains operating this service

!  Type 3: Rapid

!  For long distance routes with more stops than Express service !  Currently 18 trains operating this service

!  Type 4: Ordinary

!  Train service for every national routes, stopping at all stations !  Currently 28 trains operating this service

!  Type 5: Bangkok Commuter

!  Train service for Bangkok metropolitan area (within 150 km of Bangkok city) !  Services begin in Bangkok and end at Lop Buri (133 km), Kaeng Koi (125 km), Prachin Buri (122 km), Ratchaburi (117 km) and Suphan Buri (158 km)

!  Type 6: Rural Commuter

!  Train service to commute between provinces, stopping at all stations !  Total of 24 trains operating this service from every line

!  Type 7: Mixed

!  Similar to Rural Commuter service but also includes freight transport !  Currently 8 trains operating this service per day

!  Type 8: Excursion

!  Train service operating only on the weekends and public holidays, stopping only at stations with tourist attractions !  Total 3 trains operating this service

Source: State Railway of Thailand; Web research

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Printed

Description

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Train Types

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Passenger numbers are gradually decreasing over the past two decades, with an average annual rate of decline of 3.3% SRT Ridership (Million passengers per year)

+0.6%

85

87 88 88 87

-3.3% -8.8% 72 68

65 61

61 55

-2.2% 56 56

54

51 50 49 45

47 47

45 46 41

1990 91 92 93 94 95 96 97 98 99 2000 01 02 03 04 05 06 07 08 09 10 11 2012 Gradual increase

Rapid decline

Source: Ministry of Transport; 30 July 2013

Slow and steady decline

!  The steady decline of ridership during the last decade (on average 2.2% p.a.) may be attributed to increasing substitute modes of transportation such as private bus services with more expansive networks and faster travel time UMI Asia (Thailand) Ltd.

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Printed

!  After initial slow increase during the early 1990s, passenger numbers rapidly decreased throughout the period of the Asian Economic Crisis towards the end of the 1990s

Working Draft - Last Modified 7/29/2011 8:36:50 PM

!  Ridership has an annual average decline rate of 3.3% over the last two decades

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Only 2% of Thailand’s freight transport is via rail Logistics breakdown: domestic freight transportation (2012) (Percent)

Rail transport by commodity type (2011) (Percent)

Road

24% Fuel

2% Rail 9%

Waterways

Printed

7% Seaport

In 2012, 11.85 million tons of goods were transported by rail, a mere 2% out of the total domestic freight transportation of 520.17 million tons of goods

Source: Ministry of Transport

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Others Cement 1% 10%

Miscellaneous Goods

In 2011, most of commodities transported by rail were fuel and cement (24% and 10% respectively); the majority of transport was for miscellaneous goods and others (66%)

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Freight transport via rail shows a positive long-term trend, but a negative trend in recent years SRT Freight transport volumes (Million ton)

+1.5% -2.8%

!  However, recent decline in freight activity during the past 8 years

+3.2%

1990 91 92 93 94 95 96 97 98 99 2000 01 02 03 04 05 06 07 08 09 10 11 2012 Gradual increase

Source: Ministry of Transport; 30 July 2013

More rapid increase

Decline in activity

!  Freight transport by rail is expected to increase in the future due to rising oil prices and government policies to shift logistics from road to rail

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Printed

!  Poor track and an ageing train fleet make freight transport by rail unreliable in the last decade, contributing to the average annual decline rate of 2.8% from 2004 to 2012

Working Draft - Last Modified 7/29/2011 8:36:50 PM

+4.9%

!  Long-term positive trend of annual 1.5% growth in freight transport via rail

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Major commodities transported by rail include cement, fuel, crude oil and LPG Rail transport by major commodities

Crude Oil

LPG

Cargo quantity per year

1.9 million tons/year

1.4 million kiloliters/ year

1.3 million kiloliters/ year

550,000 kiloliters/year

Revenue

THB 246 million/year

THB 471 million/year

THB 340 million/year

THB 140 million/year

Cargo per train

700 tons per train, 9 trains per day

800 kiloliters (684 tons) per train,10 trains per day

1,204 kiloliters (840 tons) per train, 4 trains per day

864 kiloliters (459 tons) per train,1-2 trains per day

Companies

!  SCG Logistics Management Co., Ltd. !  Siam City Cement Public Company Ltd. !  TPI Polene Public Company Ltd. !  Jalaprathan Cement Public Company Ltd.

!  Shell Thailand !  Thai Shell Company Company Ltd. !  Exploration and !  Esso( Thailand) Public Production Ltd. Company Ltd. !  Caltex (Thailand) Company Ltd. !  PTT Public Company Ltd.

!  PTT Public Company Limited

Routes

!  Baan Moh -- Bang !  Mae Nam station , !  Mae Nam station , !  North route: Bang Sue, Pon Thong, Baan Mabtapud -- Nakhon Mabtapud -- Beung lamoong -- Nakhon Chong Tai and Sawan, Beung Phra Phra to Mae Nam and Sawan, Lumpang warehouse of Pissanulok, Denchai, Leam Chabang station companies in every Lumpang, Chiengmai, !  North-East route: regions. U-bol rajathani, Banglamoong – Khonkan, U-donthani Sumran (Khonkaen)

Source: State Railway of Thailand; Web research

Printed

Fuel

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Cement

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Table of Contents

State Railway of Thailand (SRT) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

Printed

4.  Key statistics and additional information 5.  Current challenges 6.  Expansion plans

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

There are mainly 3 challenges for the SRT

Management issues such as internal conflicts between senior managers and bureaucratic red tape prevalent within state enterprises have delayed development

Picture

SRT has struggled with financial losses for decades, restricting its development and causing concern for expansion projects in terms of funding

Picture

Source: Team analysis

UMI Asia (Thailand) Ltd.

Printed

Picture

Working Draft - Last Modified 7/29/2011 8:36:50 PM

SRT’s ageing fleet and poor track maintenance has given rise to recent safety concerns and decreased reliability of rail transport

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

1 SRT’s fleet is increasingly ageing with more than 60% of tractive stock over 30 years old Age profile of SRT’s tractive stock (Number of locomotives and DMUs per age group)

Working Draft - Last Modified 7/29/2011 8:36:50 PM Printed

15 years or less !  ! 

16-20 years

21-25 years

26-30 years

31-35 years

36-40 years

41-45 years

46-50 years

>50 years

No new procurement of locomotives in the last decade More than 60% of locomotives are over 30 years old

Source: State Railway of Thailand; fiscal year 2012

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

1 Trailing stock ageing 110 years old are still active Age range by type of trailing stock (in years)

Service cars (Total 44 cars) Freight cars

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Age Range: 36-97 years

Age Range: 2-110 years

(Total 5,637 cars) Passenger cars

Printed

Age Range: 15-99 years

(Total 1,216 cars) 0

10

20

30

40

50

60

70

! 

Very large age range for all trailing stock types

! 

No new procurement of service cars for at least 30 years

! 

No new procurement of passenger cars in the last decade

Source: State Railway of Thailand; fiscal year 2012

80

90

100

110

120

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

1 In addition to SRT’s ageing fleet, poor track maintenance is cited as another major causes of various recent rail accidents

“State railway struggles to stay on track”

“ …the frequency of trains jumping tracks has risen sharply in recent months…”

“…second derailment on the same route in a month…due to the deteriorated condition of a bend in the tracks…” --Bangkok Post , 17 July 2013

Printed

“The problem has been attributed to ageing tracks and sleepers. Some 64% of the SRT's 4,043km of tracks are at least 38 years old, and 31% of the sleepers are wooden”

“…Seven out of ten train coaches derailed…at least 30 passengers were injured, one of them seriously…”

--Bangkok Post, 16 September 2013

Source: Bangkok Post

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Working Draft - Last Modified 7/29/2011 8:36:50 PM

“Between the start of the year and Sept 13, 114 trains have derailed, or 11 every month on average, compared with 89 derailments in the whole of 2012.”

“Train derailment along the Northern line injures 20 people”

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

1 With increased work on track repairs in recent years, rail accident rates has dropped substantially, but casualty numbers remain high Reported incidents by rail

Working Draft - Last Modified 7/29/2011 8:36:50 PM

-50%

Number of reported incidents by rail have dropped more than 50% since year 2008 **This figure includes accidents by collision of trains, derailment, collision at crossing and others

2007

2008

2009

2010

2011

2012

Printed

Number of injuries and casualties Injuries Casualties

2007

2008

2009

Source: Ministry of Transport; Statistics

2010

2011

Consequently to the decrease in reported incidents, the number of injuries and casualties have decreased by more than 34% and 41% respectively since 2008, but are still on an unacceptably high level

2012 UMI Asia (Thailand) Ltd.

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

2 Management issues have stunted the development of SRT

Working Draft - Last Modified 7/29/2011 8:36:50 PM

“… conflicts among senior management have persisted for a long time and are compounding the state railway's administrative woes” “Deputies were not cooperating with the governor, which led to certain key projects being stalled. Some senior executives thought if they were productive, the governor would take the credit for their achievements”

Printed

“[SRT governor Prapas Chongsanguan] admitted many tracks and trains were in bad shape and it would cost about 70 billion baht to bring the tracks alone up to standard.” “There is a limited budget to repair and maintain tracks, [Prapas] said, and bureaucratic red tape was also holding back the execution of policies.” --Bangkok Post, 16 September 2013

Source: Bangkok Post

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

3 SRT has been struggling with financial losses since 1987, generating concern over its ability to manage future expansion projects Impact on future expansion projects

▪ 

Of the THB 2.0 trillion Infrastructure Investment program, SRT will be responsible for handling investment in the rail system of up to 71%

“…Only in the second quarter of this year, the SRT suffered 1.55 billion baht operation loss, while expenditures exceeding revenues of over 3.68 billion baht in the second quarter this year.”

▪ 

The National Institute of Development Administration (NIDA) has questioned the capability of SRT to implement mega highspeed train project due to large financial losses for the past decade

Source: Thai PBS

Printed

“…Meanwhile its total debt also increases gradually and by the second quarter of this year, the total debt reaches 101 billion baht, compared to 102.9 billion baht end of last year.” --Thai PBS, 22 November 2013

Working Draft - Last Modified 7/29/2011 8:36:50 PM

“…its accumulated loss until the second quarter of this year amounted to over 75 billion baht now.”

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DOC ID

Table of Contents

State Railway of Thailand (SRT) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

Printed

4.  Key statistics and additional information 5.  Current challenges 6.  Expansion plans

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Expansion Plans – Overview

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Infrastructure Expansion

Printed

Rolling Stock Expansion

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

As part of the THB 2.0 trillion Infrastructure Investment Program, two major developments have been planned for Thailand’s national railway Purpose

▪  Currently only 7% of total

▪  Double-track railways can

▪ 

track length is composed of double-track railways By 2020, the proportion of double-track railways is expected to increase to 63%, across 3,215 km of track

High Speed Railway projects

Source: Team analysis

▪ 

routes have been planned in Thailand The high speed rail networks will also connect with neighboring countries as part of the Trans-Asian Railway

▪  Significantly reduce travel ▪ 

▪ 

time by rail Project to encourage a modal shift from road to rail transport for both passenger and freight traffic Promote ASEAN connectivity

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Printed

▪  Four high speed railway

increase the speed of trains to 100-120 km per hour, thereby increasing frequency and reliability for freight transportation

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Double-Track Rail Improvements

Description

STATE RAILWAY OF THAILAND (SRT)

DOC ID

As part of the THB 2.0 trillion Infrastructure Investment Program, two major developments have been planned for Thailand’s national railway Purpose

▪  Currently only 7% of total

▪  Double-track railways can

▪ 

track length is composed of double-track railways By 2020, the proportion of double-track railways is expected to increase to 63%, across 3,215 km of track

High Speed Railway projects

Source: Team analysis

▪ 

routes have been planned in Thailand The high speed rail networks will also connect with neighboring countries as part of the Trans-Asian Railway

▪  Significantly reduce travel ▪ 

▪ 

time by rail Project to encourage a modal shift from road to rail transport for both passenger and freight traffic Promote ASEAN connectivity

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Printed

▪  Four high speed railway

increase the speed of trains to 100-120 km per hour, thereby increasing frequency and reliability for freight transportation

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Double-Track Rail Improvements

Description

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Six projects have been planned for Double-Track Rail improvements Key Objectives

!  Double-track rails will increase the speed of Working Draft - Last Modified 7/29/2011 8:36:50 PM

trains to 100-120 km/hour !  Increased speed allows for greater frequency of trains, thereby increasing passenger trips and cargo transport

Project Overview1

Printed

6 projects spanning 873 km 1. Chacheongsao – Klong 19 – Kaeng koi: 106 km 2. Lopburi – Paknampo: 118 km 3. Mapkabow – Jira Road: 132 km 4. Nakhon Pathom – Nong Pla Dook – Hua Hin: 165 km 5. Jira Road – Khon Khaen: 185 km 6. Prajuabkirikhan – Chumporn: 167 km Current Status: began since 2010, due to finish in 2015 Source: Prachachat Newspaper Source: 1Thairath Newspaper, 2Ministry of Transportation

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Double-Track Rail improvement projects will increase the proportion of double / triple track from 7% to 63% by 2020 Future outlook on rail infrastructure (Track km)

Details on double-track rail improvement project2

Single Track Double / Triple Track

3,755 3,215

7%

3,755 km

1,882 km

Double/Triple track

280 km

3,215 km

Network

47 provinces

53 provinces

Trip

200 trips/day

>800 trips/day

Freight

11 million tons/year

>50 million tons/year

Passenger

45 million passengerstrips/year

>75 million passengers-trips/ year

Freight speed

39 km/hour

100-120 km/hour

Passenger train speed

60 km/hour

100-120 km/hour

63%

280

Present

Single Track

Printed

93%

37%

By 2020

By 2020

Source: 1Thairath Newspaper, 2Ministry of Transportation

UMI Asia (Thailand) Ltd.

Working Draft - Last Modified 7/29/2011 8:36:50 PM

1,882

Present

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

As part of the THB 2.0 trillion Infrastructure Investment Program, two major developments have been planned for Thailand’s national railway Purpose

▪  Currently only 7% of total

▪  Double-track railways can

▪ 

track length is composed of double-track railways By 2020, the proportion of double-track railways is expected to increase to 63%, across 3,215 km of track

High Speed Railway projects

Source: Team analysis

▪ 

routes have been planned in Thailand The high speed rail networks will also connect with neighboring countries as part of the Trans-Asian Railway

▪  Significantly reduce travel ▪ 

▪ 

time by rail Project to encourage a modal shift from road to rail transport for both passenger and freight traffic Promote ASEAN connectivity

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Printed

▪  Four high speed railway

increase the speed of trains to 100-120 km per hour, thereby increasing frequency and reliability for freight transportation

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Double-Track Rail Improvements

Description

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Four routes have been planned for the domestic high speed rail network Overview

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Four routes with Bangkok as the main terminal: 1.  Bangkok—Pitsanulok—Chiangmai (745 km, THB 388 bn) 2.  Bangkok—Pattaya—Rayong (221 km, THB 101 bn) 3.  Bangkok—Korat—Nong Kai (615 km, THB 170 bn) 4.  Bangkok—Hua Hin—Padang Besar (982 km, THB 124 bn)

Printed

Current status: Conducting feasibility study on routes, environmental and health impact assessment ▪  In year 2017, estimate of 153,000 rides per day ▪  Total planned spend: THB 783 billion ▪  Future outlook: To connect ASEAN with China Technical Aspect:

▪  ▪  ▪ 

Train speed of approximately 250 km/hour Track-work: UIC60 Standard Gauge (1,435 mm) Power supply: 25kV 50/60 Hz Overhead Catenary System (OCS)

Source: SEPO Presentation: High Speed Rail System in Thailand, Thairath Newspaper

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Route 1 of the High Speed Rail network will connect Bangkok to Chiangmai

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Expansion Route 1: Bangkok – Chiangmai ▪  Length: 754 km ▪  Route: 11 provinces ▪  Travel Time: 3.5 hours ▪  Fare: 1,200 THB

Printed

Phase 1: Bangkok – Pitsanulok ▪  Length: 382 km ▪  Investment: THB 111.6 billion ▪  Current status: Begin construction in 2013 ▪  Expected completion: 2019 Phase 2: Pitsanulok – Chiangmai ▪  Length: 363 km ▪  Investment: THB 93.0 billion ▪  Current Status: Begin Construction in 2021 ▪  Expected completion: 2027

Source: SEPO Presentation: High Speed Rail System in Thailand

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Route 2 of the High Speed Rail network will connect Bangkok to Rayong

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Expansion Route 2: Bangkok – Rayong ▪  Length: 221 km ▪  Route: 4 provinces, 5 stations ▪  Travel Time: 1.25 hour ▪  Fare: 350 THB

Source: SEPO Presentation: High Speed Rail System in Thailand

UMI Asia (Thailand) Ltd.

Printed

Phase 1: Bangkok—Rayong ▪  Length: 382 km ▪  Investment: THB 111.6 billion ▪  Current Status: Hired consulting firm to conduct feasibility study –  Expected completion: 2019

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Route 3 of the High Speed Rail network will connect Bangkok to Nongkai

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Expansion Route 3: Bangkok – Nongkai ▪  Length: 615 km ▪  Route: 10 stations Phase 1: Bangkok--Ayuthaya ▪  Length: 84 km ▪  Same route as the beginning of the Bangkok— Chiangmai route Phase 2: Ayuthaya—Nakorn Ratchasima (Korat) ▪  Length: 168 km

Printed

Phase 3: Saraburi—Nakorn Ratchasima ▪  Length: 100 km Phase 4: Nakorn Ratchasima—Nongkai ▪  Length: 356 km Current status: OTP conducting feasibility study for phase 1, 2,3 (30 November 2012—29 January 2014) with expected completion in 2019

Source: Thai High Speed Train Website, OTP, SRT; Web research

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Route 4 of the High Speed Rail network will connect Bangkok to Padang Besar (1/2)

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Expansion Route 4: Bangkok – Padang Besar ▪  Length: 982 km Phase 1: Bangkok—Hua Hin ▪  Length: 225 km ▪  Expected cost: THB 82 billion Phase 2: Hua Hin—Padang Besar ▪  Length: 800 km

Printed

Current status: OTP conducting study of the most appropriate routes for phase 1 (30 November 2012—29 January 2014), with expected completion: 2019

Source: Thai High Speed Train Website, OTP, SRT; Web research

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

Route 4 of the High Speed Rail network will connect Bangkok to Padang Besar (2/2)

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Current Status: ▪  OTP is currently conducting study for the most appropriate route for the Bangkok—Hua Hin phase

Source: Thai High Speed Train Website, OTP, SRT; Web research

UMI Asia (Thailand) Ltd.

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Latest Development: ▪  From Bangkok—Ratchaburi, alternative 1 have been chosen as the best route –  Use the Southern Line through Nakhon Pathom (225 km) ▪  For the route passing Petchburi, alternative 5 has been chosen as the best route: –  Passing Petchkasem Road for 4.5 km

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DOC ID

Thailand will be the first ASEAN country to have high speed trains “The [2.0 trillion baht] investment…would help reduce logistics costs by up to 13.2%, [Mr. Chadchat] said. Currently, logistics costs make up about 15.2% of gross domestic product, compared to 8.3% in the United States.” (Bangkok Post, 23 Jan 2013)

“The government's own consultants did a study that bravely showed the line would earn a rate of return of 10.7 per cent, significantly below the ministry's 12-per-cent minimum. Former Bank of Thailand governor MR Pridyathorn Devakula quoted a study showing that fares on some routes would have to exceed plane fares to be financially feasible.” (The Nation, 4 Sept 2013)

Source: Bangkok Post, The Nation

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Printed

“In 2020, Thailand would be the first country in ASEAN to have high-speed trains, he said, which should remind the general public of the pride a century ago when Thailand’s train service was the most advanced in Asia.” (The Nation, 8 Aug 2013)

Working Draft - Last Modified 7/29/2011 8:36:50 PM

“Mr Chadchat insisted the high-speed train project could yield high returns, despite some academics' claims it would be uneconomic. The construction of high-speed rail routes stretching 1,400km would cost 780 billion baht, compared with the cost of building just 200km of electric train routes in Bangkok which would come to 400 billion baht.” (Bangkok Post, 30 Jul 2013)

STATE RAILWAY OF THAILAND (SRT)

DOC ID

Thailand is one of the participating nations of the Trans-Asian Railway Trans-Asian Railway Network (TARN)

!  ! 

! 

!  ! 

Source: 2013 UNESCAP

A southern corridor connecting Thailand and the southern Chinese province of Yunnan (Kunming) with Turkey through Myanmar, Bangladesh, India, Pakistan and the Islamic Republic of Iran with Sri Lanka also part of the corridor. The corridor ends in Kapikule in Bulgaria. The length of the route between Bangkok and Kapikule is 11,460 km Nongkai-Bangkok railway project is part of the Trans-Asia Railway. UMI Asia (Thailand) Ltd.

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Thailand & Southern Corridor

Working Draft - Last Modified 7/29/2011 8:36:50 PM

! 

A project of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) initiated in 1960s To provide a continuous 14,000-km rail link between Singapore and Istanbul (Turkey), with possible onward connections to Europe and Africa. Four major components which were studied separately; namely a northern corridor, a southern corridor, a sub regional network covering the ASEAN and Indo-China sub regions, and a North-South corridor

STATE RAILWAY OF THAILAND (SRT)

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Singapore – Kunming Rail Link (SKRL) is a High Speed Railway that will become a part of the Trans-Asian Railway Technical Details !  West Line: Kunming to Yangon !  Mid-East Line: Nanning to Vientiane Working Draft - Last Modified 7/29/2011 8:36:50 PM

!  Mid Line: Dali to Bangkok !  East Line: Kunming to Singapore !  Terminal stations on eastern, middle and western lines are international ports (Ho Chi Minh and Singapore on the eastern line, Bangkok on the middle line, and Yangon on the western line)

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!  Thailand has initiated plans to build a high-speed rail project between Bangkok and the southern border in Songkhla Province to connect to the SingaporeMalaysia high-speed rail project. SKRL Routes !  Track Length: 3,900 km !  Track Gauge: 1,435 mm standard gauge !  Electrification: Overhead catenary

Source: Singapore-Thai Chamber of Commerce

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STATE RAILWAY OF THAILAND (SRT)

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Expansion Plans – Overview

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Infrastructure Expansion

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Rolling Stock Expansion

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STATE RAILWAY OF THAILAND (SRT)

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SRT is currently expanding its rolling stock, with significant investments still in the pipeline Current Fleet Number of cars

Locomotives

258

Trailing Stock

7,133

Manufacturer

GEA, HID, ADD, ALD, AHK, ALS, GE, KP, HE, HU, HAS

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Type

On Order fleet Number of cars

Scheduled arrival

Supplier

Cost

Locomotives: Freight

20

Aug 2014 – Feb 2015

CSR Qishuyan Co., Ltd (China)

USD 61.3 million

Type

Number of cars

Status

Budget

Locomotives: Passengers

50

Open for bids (until September 2013)

THB 6.6 billion (USD 219 million)

Locomotives: Passengers

7

Preparing to propose to MOT

Freight carriage

308

Investigation in bidding process: suspect 2 out of 12 companies colluding

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Type

Future expansion

Source: Matichon Newspaper, 3 July 2013

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Contents

▪ 

Overview of the Thai railway sector

▪ 

National Railway

▪ 

Urban Transport

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Thailand – Country overview and economic outlook

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▪ 

–  Bangkok Mass Transit System Company Limited (BTSC)

–  Bangkok Metro Public Company Ltd (BMCL) –  SRT Electrified Train (SRTET) –  Urban Transport Expansion Plan UMI Asia (Thailand) Ltd.

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URBAN TRANSPORT – BANGKOK

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Bangkok is Thailand’s capital city with over 10 million habitants Key Facts

▪ 

▪  ▪  ▪ 

5,673,560 (10.5 million for entire Bangkok metropolitan) Density : 3,616 people per square km Area : 1,569 square km Administration: Bangkok Metropolitan Administration GDP (2011): THB 3,331,225 million % GDP to total: Approximately 30% Financial center of Thailand with approximate one third of Thailand’s banks

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▪  ▪  ▪ 

Population (2012):

▪  ▪  ▪  ▪  ▪ 

Source: National Statistical Office, Ministry of Transport

Highly dominated road transportation, with average road speed of 16.3 km/hour during morning rush hour Private cars account for approximately 57% in Bangkok metropolitan area in 2011 Busses remain the most popular form of public transport with 88% of total passenger volume in 2011 Other means of public transport in Bangkok and vicinities include electric trains (BTS and MRT), boats and vans Plans to expand urban rail systems to reach the greater Bangkok metropolitan area

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Transportation Overview

URBAN TRANSPORT – BANGKOK

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Bangkok’s demand for rail transit is driven by the congestion of roads Map of average road speed in Bangkok1

Bangkok Total Registered Cars and Private Registered Cars in Bangkok (2007-2012 ) 2 (In million cars) Non-Private Registered Cars Private Registered Cars

5.72

5.91

6.10

6.44

7.54 6.85 +32%

+37%

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+6%

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2007 !  Road-based transit dominates transportation in Bangkok, leading to mass traffic congestions with the average road speed of only 16.3 km/hour during morning rush hour, and 23.5km/hour during evening rush hour in inner Bangkok. !  Bangkok has been suffering from some of the most severe road-based traffic congestion in the world.

2008

2009

2010

2011

2012

!  The government’s scheme to waive the 17% tax (for first-time car buyers from 1 Oct 2011 to 31 Dec 2013, for domestically assembled cars smaller then 1,500 cc led to a significant increase in number of cars registered in Bangkok. !  Despite traffic congestion, new vehicle registration continues to increase suggesting a heavy dependency on personal cars.

Source:1Ministry of Transport, 2Office of Transport and Traffic Policy and Planning Statistic 2012

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URBAN TRANSPORT – BANGKOK

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Mass transit rail market share is forecasted to grow, taking over the market share of bus transit as rail demand rises Bangkok’s Mass Transit Market Share (forecast 2017 - 2037) !  Mass transit rail system in Bangkok is still immature.

2022E

2027E

43.3%

2032E

2037E

+732.7%

19.2% 5.2%

5.5%

5.8%

2009

2010

2011

2017E

Others

Bus market share

Ferry market share

Mass transit rail market share

!  The OTP forecasts that mass transit rail market share will progressively take the market share of bus transit as the demand for mass transit rails in Bangkok increases in the next few years.

Source: Transport data and model integrated with multimodel transport and logistics (TDMLII) of Office of Transport and Traffic Policy and Planning (OTP) Source: BTS Annual Report 2012/13, OTP

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31.4%

34.8%

42.4%

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!  Since the inception of BTS Skytrain (the first mass transit rail system in Bangkok in December 1999, mass transit rail usage in Bangkok has seen a gradual rise in 2011, accounting for 5.8% of total mass transit usage in Bangkok.

URBAN TRANSPORT – BANGKOK

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Three railway operators are participating in Bangkok’s urban transport system Bangkok Mass Transit System Co. Ltd (BTSC) (BTS Skytrain System) Number of lines: 2 Track length: 36.75km Routes: –  Sukhumvit Line (connecting Mo Chit in the North with Bearing in the East of Bangkok) –  Silom Line (connecting National Stadium in the Center with Bang Wa in the South-West of Bangkok

Bangkok Metro Public Co. Ltd (BMCL) (MRT Underground Train System) Number of lines: 1 Track length: 20km Routes: –  Blue Line (connecting Hua Lampong Main Railway Station in the Center with Bang Sue Railway station in the North of Bangkok)

SRT Electrified Trains (SRTET) (Suvarnabhumi Airport Rail Link)

▪  ▪  ▪ 

Source: Ministry of Transport

Number of lines: 1 (with 3 different services) Track length: 28.6km Routes: –  Airport Rail Link (connecting Phayathai BTS station in the Center with Suvarnabhumi Airport in the East of Bangkok) UMI Asia (Thailand) Ltd.

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▪  ▪  ▪ 

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪  ▪  ▪ 

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Contents

▪ 

Overview of the Thai railway sector

▪ 

National Railway

▪ 

Urban Transport

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Thailand – Country overview and economic outlook

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▪ 

–  Bangkok Mass Transit System Company Limited (BTSC)

–  Bangkok Metro Public Company Ltd (BMCL) –  SRT Electrified Train (SRTET) –  Urban Transport Expansion Plan UMI Asia (Thailand) Ltd.

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BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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Table of Contents

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Bangkok Mass Transit System Company Limited (BTSC) 1.  General overview 2.  Track infrastructure 3.  Rolling stock

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4.  Key statistics and additional information 5.  Current challenges

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BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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Company Profile: Bangkok Mass Transit System Company Limited (BTSC) Company Description ▪  Privately owned company with Mr. Keeree Kanjanapas as main investor ▪  Company is linked to Thanayong PCL (listed on the Thai Stock Exchange), a major property developer and hospitality operator in Thailand (Chairman: Mr. Keeree Kanjanapas)

Logo

Rolling stock ▪  Operating trains from 2 suppliers: –  Siemens: 35 units, 3-car trains –  CNR: 12 units, 4-car trains ▪  Maintenance depot located at Mo Chit Station (former Northern Bus Terminal)

Mass Transit Revenues (in THB million)

Ownership structure (Percent)

3,321 3,288

Mr. Keeree Kanjanapas’ 42% Group

6,016 5,032

Others 47%

3,680 3,681

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+13%

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Track data ▪  Track length: 36.75 km ▪  Track gauge: 1,435 mm ▪  Two routes: (1) Sukhumvit Line (North-bound / East-bound) (2) Silom Line (West-bound / South-bound)

3% 2% 6%

2008

2009

2010

2011

2012

* BTSC financial year (FY 2013) ended in March 2013 Source: BTS Annual Report 2012/13

2013*

Bangkok Bank PCL Thai NVDR Co., Ltd. Goldman Sachs & Co. UMI Asia (Thailand) Ltd.

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BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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Organization Chart of BTS Group Board of directors

Nomination and Remuneration Committee Working Draft - Last Modified 7/29/2011 8:36:50 PM

Corporate Governance Committee

Company Secretary Office

Audit Committee

Internal Audit Office

Executive Committee Executive Chairman Mr. Keeree Kanjanapas

Executive Director (Property)

Executive Director (Media)

Chief Financial Officer Mr. Surayut Thavikulwat Accounting Mrs. Duangkamol Chaichanakajorn

Finance Mr. Daniel Ross

Investor Relations

Executive Director (Services)

Executive Director (Business Development)

Chief Operating Officer Mr. Rangsin Kritalug Legal Ms.Chayada Yodyingtammakul

Corporate Communications Mrs. Patchaneeya Pootme

Human Resources and Administration

Information Technology

CSR

Source: BTS Annual Report 2012/13

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Executive Director (Mass Transit)

BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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Table of Contents

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Bangkok Mass Transit System Company Limited (BTSC) 1.  General overview 2.  Track infrastructure 3.  Rolling stock

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4.  Key statistics and additional information 5.  Current challenges

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BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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BTS’s total rail network covers 36.75 km of track Current route network

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Sukhumvit Line (Light Green Line) ▪  Track length: 22.25 km ▪  From Mo Chit (Northern Bus Terminal) to Bearing (Bang Na District) ▪  Total of 22 stations ▪  Operating from 06:00 – 00:00 daily (18 hours) ▪  Connection frequency: Every 3-5 minutes on weekdays ▪  Travel duration: ~ 40 minutes

▪  ▪ 

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Silom Line (Dark Green Line) ▪  Track length: 14.5 km ▪  From National Stadium to Bang Wa (Thonburi Side) ▪  Total of 13 stations ▪  Operating from 06:00 – 00:00 daily (18 hours) ▪  Connection frequency: Every 3-5 minutes on weekdays ▪  Travel duration: ~ 23 minutes Both lines connect at Siam Station Connection to MRT at Sala Daeng and Asoke stations

Source: BTS Group Website

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BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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Table of Contents

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Bangkok Mass Transit System Company Limited (BTSC) 1.  General overview 2.  Track infrastructure 3.  Rolling stock

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4.  Key statistics and additional information 5.  Current challenges

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BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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BTS currently operates trains from 2 different suppliers

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Source: BTS Group website

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Siemens Modular Metro Technical Details (Total 35 trains) ▪  Train configuration A-C-A ▪  Carbody material Stainless steel ▪  Power supply 750 Vdc/Third Rail ▪  Length x Width 65.30 x 3.20 m ▪  Passenger doors 12 (1.4 m) ▪  Train capacity 8 pers./m^2 1,106 ▪  Per car capacity 368 ▪  Number of seats per car 42 ▪  Number of seats per train 126 ▪  Track gauge 1,435 mm

Bombardier Movia: CNR Model (Changchun Railway Vehicles Co. Ltd) Technical Details (Total 12 trains) ▪  Train configuration Tc+M+(M+M) +Tc ▪  Carbody material Stainless steel + aluminum ▪  Power supply 750 Vdc/Third rail ▪  Length x Width 87.25 x 3.12 m ▪  Passenger doors 32 (1.40 m) ▪  Train capacity 8 pers./m^2 1,1490 ▪  Tc-car capacity 361 ▪  M-car capacity 384 ▪  Number of seats per car 42 ▪  Number of seats per train 168 ▪  Number of air conditioning 8 ▪  Track gauge 1,435 mm ▪  Other Dynamic route map

BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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BTSC plans to double current fleet capacity by 2032 Total Carriages Capacity Increase (cumulative)

x35

105

x12

48

x47

153

+22.9%

x5

20

+35.9%

x52

208

x7

28

+54.3%

70

+100%

x61

Source: BTS Group General Presentation, March 2013

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35

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No. of Trains

306

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BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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Table of Contents

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Bangkok Mass Transit System Company Limited (BTSC) 1.  General overview 2.  Track infrastructure 3.  Rolling stock

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4.  Key statistics and additional information 5.  Current challenges

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BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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Average ridership grew by 17% annually from 2010-2012 Total ridership per year (In million passengers)

197.2 +17% 176.0

+48% +3%

132.9

145.2

135.9

2007

2008

2009

Gradual increase

Source: BTS Group Website

2010

2011 Rapid increase

2012

!  Ridership growth are resilient against external conditions such as the political unrest in 2010 and flooding in 2011 !  Expects 7-10% growth in 2013 UMI Asia (Thailand) Ltd.

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144.5

!  Five new stations on the Sukhumvit line has led to an increase in the number of passengers by about 40,000-50,000 people from the previous total of 600,000 daily passengers.

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!  An increase in ridership was largely due to service lines extensions: Silom line extension from May 2009 (Saphan TaksinWongwian Yai, 2.2 km), and Sukhumvit line extension from August 2011 (On Nut- Bearing, 5.3km)

Bangkok Mass Transit System Company Limited (BTSC)

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Table of Contents

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Bangkok Mass Transit System Company Limited (BTSC) 1.  General overview 2.  Track infrastructure 3.  Rolling stock

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4.  Key statistics and additional information 5.  Current challenges

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BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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BTSC faces several challenges relating to 4 key risks Description

Strategic Risk

!  BTSC is exposed to the increase of operating costs such as a changes in the price of raw materials, increase in salary costs, rising energy / electricity price and cost of spare parts, all of which may impact operating profit margin. !  BTSC has made insurance against business interruption risks which may be the result of political turmoil, acts of terrorism, or natural disasters.

Financial Risk

Compliance Risk

Source: BTS Annual Report 2012/13

▪ 

The management team closely monitors liquidity risk, credit risk, interest rate risk, and foreign exchange rate risk. As of 31 March 2013, BTS Group’s interest coverage ratio and net debt to equity ratio were 4.23 times and 0.17 times respectively, illustrating the Group’s strength in meeting its debt obligations.

!  The mass transit revenues rely mainly on the concession agreement and the 30-year operating and maintenance (O&M) agreement. The extension of the concession agreement, which expires in December 2029, is subject to the consent of BMA. Any termination of the concession agreement or 30-year O&M agreement or failure to extend the concession agreement may have a material impact to future cash flows. UMI Asia (Thailand) Ltd.

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▪ 

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Operational Risk

!  Earning performance depends on domestic demand and the Thai economy. Historical performance of the mass transit business shows evidence of ‘recession resilience’ with revenue increasing every year. ▪  Mass transit business growth significantly relies on the government’s ability to execute its mass transit rail expansion plan as well as the development of other alternative mass transit systems.

BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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The number of passengers outweighs BTS capacity during rush hours

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“It’s really crowded in the morning. I have to wait for at least two trains before I can get on. The first one is really full, then some don’t even stop at my station. They just pass us to pick up people at On Nut station directly. That means I have to wait 20 minutes! I’ve also had to wait at the turnstiles sometimes, because the BTS officer tells me that the platform is too crowded” , Ubonwan Kerdtongtawee, 22, student Surapong Laoha-Unya, Chief Operating Officer of the Bangkok Mass Transit System, answers

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The solution: !  Change from 3 to 4-carriages trains to all 35 Sukhumvit-line trains. !  Increase time efficiency for each trains !  Increase the number of officers on hand to maintain order during rush hours !  Keep 2 spare trains for each line incase one breaks down or the line is too crowned --Asia City Online, October 2011

Source: Asia City Online

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BANGKOK MASS TRANSIT SYSTEM COMPANY LIMITED (BTSC)

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BTS service disrupted by technical error “A control system problem temporarily knocked Bangkok's crowded BTS system out of operation, but as of 11:00am it has reopened operations, shut again, and resumed again” Working Draft - Last Modified 7/29/2011 8:36:50 PM

“The testing of a new platform screen door caused an eight-hour failure of the BTS skytrain system that caused commuter chaos in Bangkok on Tuesday morning. ” “The test triggered a malfunction of the signals communication system, which controls the trains, leading to a total shutdown”

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“The problem caused the cancellation of all services from 6am, when trains normally begin running.” “Bombardier Transportation Singals (Thailand) Co, which handles the service, was called into the fix the problem and full services resumed five hours late at 11am” --Bangkok Post, December 2013

Source: Bangkok Post

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Contents

▪ 

Overview of the Thai railway sector

▪ 

National Railway

▪ 

Urban Transport

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Thailand – Country overview and economic outlook

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪ 

–  Bangkok Mass Transit System Company Limited (BTSC)

–  Bangkok Metro Public Company Ltd (BMCL) –  SRT Electrified Train (SRTET) –  Urban Transport Expansion Plan UMI Asia (Thailand) Ltd.

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BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

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Table of Contents

Bangkok Metro Public Company Ltd (BMCL) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

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4.  Key statistics and additional information 5.  Current challenges

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BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

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Company Profile: Bangkok Metro Public Company Ltd. Description ▪  Operator of the MRT, Bangkok’s first underground rail system since July 3, 2004 ▪  BMCL is currently under a concession agreement with MRTA and currently operates one line from Hua Lamphong main railway station to the North of Bangkok

Logo

Rolling stock ▪  Siemens Modular Metro, 750V DC ▪  19 units in service, each consisting of 3 cars ▪  Maintenance Depot with total of 395 acres (118 acres used, the rest reserved for future expansion), located near Thailand Cultural Center

Total Revenues1 (in THB million)

Ownership structure (Percent)

+9.5%

1,446

2007

1,579

1,687 1,750

30.9% Hicrete Products & Technology Co. Ltd.

2008

2009

2010

MRTA

Others 1,903

2011

2012

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2,281

8.1% 11.4%

25.0%

24.6%

CH. Karnchang PCL

Bangkok Expressway PCL

1 Total Revenue includes Farebox, Commercial Development and Other Income from Subsidiary Source: BMCL Website

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Track data ▪  Track length: 20 km ▪  Track gauge: 1,435 mm, with bottom pick-up third rail ▪  One route from Hua Lamphong Railway station to Bang Sue Station

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BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

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BMCL’s revenue is fueled by the collection of fares on its MRT system Fare Box and Commercial Development1 Revenue Contribution (In THB million) Commercial Development Fare Box Revenue

2,270 +13.7%

+9.8% 1,900 1,715

1,575 1,979

1,423 1,270

1,375

1,477

1,525

2007

2008

2009

2010

1,646

2011

2012

+9.3%

1 Commercial Development revenues consist of: (1) Company directly executed agreements with other companies by granting following rights: ATM service, public telephone, True Kiosk, advertising banners on hand grip media; and (2) Company granted following rights to Subsidiary: platform billboard, PIDs, retail space Source: BMCL Annual Reports

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1,668

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CAGR

!  Most of BMCL revenue comes from the collection of MRT fares, while some comes from commercial development !  Commercial development revenues have had strong growth in recent years of 13.72% from 2007 !  Fare box revenues also continues to grow at an average annual growth rate of 9.28% since 2007

BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

DOC ID

Organization Chart of BMCL Board of directors Nomination and Remuneration Committee Executive Committee

Audit Committee

Safety and Quality Department

President

Internal Audit Office

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Risk Management Committee

Finance Group

Marketing Group

Management Group

Train Operations Division

Accounting and Finance Division

Marketing and Services Development Division

Administration and Information Technology Division

Engineering and Maintenance Division

Business Development Division

Public Relations and Corporate Affairs Division

Office of the President

Project Management Division

Source: BMCL Annual Report 2012

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Operations Group

Office of the Human Resources

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BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

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Table of Contents

Bangkok Metro Public Company Ltd (BMCL) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

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4.  Key statistics and additional information 5.  Current challenges

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BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

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MRT’s total rail network covers 20 km of track on one single line Current route network

▪  ▪ 

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▪  ▪ 

Track length: 20 km, one single line (Blue Line), 18 stations Connecting Hua Lamphong Main Railway Station with Bang Sue (Northern Bangkok) Railway Station, passing through the Central Business District: Rama IV Rd., Ratchadaphisek Rd., Lad Phrao Rd. Connection frequency: Approximately every 5 minutes Travel duration: Approximately 40 minutes to complete

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Source: BMCL Website

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BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

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Table of Contents

Bangkok Metro Public Company Ltd (BMCL) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

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4.  Key statistics and additional information 5.  Current challenges

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BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

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MRT currently operates 19 units of Siemens Modular Metro rolling stock Siemens Modular Metro

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Source: BMCL Website

MC+T+MC Bo'Bo'+2'2'+Bo'Bo' Stainless steel 1,435 mm 65,100 mm 3,120 mm 1,160 mm 850 / 775 mm 107 t / 175 t 15.4 t 126 1,139 2x4 190 m 5% 80 km/h 1.3 m/s2 0.9 m/s2 750 V DC / Third rail

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Technical Details ▪  Train configuration ▪  Wheel arrangement ▪  Car body material ▪  Track gauge ▪  Length over couplers ▪  Width of car ▪  Floor height above top of rail ▪  Wheel diameter new / worn ▪  Tare weight / total weight (8 p/m2) ▪  Max. axle load ▪  Number of seats ▪  Train capacity 8 pers./m2 ▪  Passenger doors per car ▪  Min. curve radius, service line ▪  Max. gradient ▪  Max. speed (operational) ▪  Max. starting acceleration ▪  Mean deceleration service brake ▪  Power supply

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BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

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Table of Contents

Bangkok Metro Public Company Ltd (BMCL) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

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4.  Key statistics and additional information 5.  Current challenges

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BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

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MRT ridership grew significantly between year 2011-2012 Total ridership per year (In million passengers)

80.6

+6.1%

+16.6%

62.2

64.9

60.0

2007

2008

2009

Gradual increase

Source: BTS Annual Report 2012/13

2010

2011

2012

Rapid increase

!  Ridership growth is resilient against external conditions such as the political unrest in 2010 and the major Bangkok flooding in 2011

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!  Significant increase in ridership from year 2011 to 2012 may be due to growing real estate development along the route as well as increase in oil price

69.1 63.7

!  Over 2011-12, ridership rose rapidly by 16.6%.

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!  Passenger ridership has been increasing steadily at an average annual growth rate of 6.1% from 2007 – 12

BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

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Table of Contents

Bangkok Metro Public Company Ltd (BMCL) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

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4.  Key statistics and additional information 5.  Current challenges

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BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

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BMCL faces several challenges relating to 3 key risks Description

Strategic Risk

▪  Financial Risk

▪ 

Source: BMCL Annual Report 2012; Web research

As of 31 December 2012, BMCL had long term loans totaling THB 13,602.50 million. The company is therefore facing interest rate risks. BMCL also incurred expenses in foreign currencies for the maintenance cost of the M&E Equipment, in an average amount of approximately EUR 2.5 million per year.

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!  Fare revenue is the highest contribution to BMCL’s total revenue (87%). Growth in passenger volumes is dependent on external factors such as substitutes, oil prices, and real estate development along the routes. !  Increase in fare rates to boost operational revenues must comply with the Concession Agreement, which can only be made every two years !  BMCL has made insurance against terrorism !  BMCL also has strong safety and security measures in place to protect against emergencies and natural disasters such as flooding

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Operational Risk

!  Company operates its businesses in accordance with the Concession Agreement under the supervision of the MRTA, differences in the contractual parties’ interpretations on terms and conditions of the Concession Agreement may arise !  BMCL’s network expansion plans dependent on government policies, which may change or be delayed under the current political climate

BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

DOC ID

A key challenge for the extension of MRT lines is the local resistance against the expropriation of land, delaying construction progress Call for conservation of Chinatown

“For the new Purple Line subway, for example, The Mass Rapid Transit Authority of Thailand (MRTA) still needs secure another 1,052 pieces of land and 640 households – even though the project is already 18 percent complete.”

“According to the plans for the extension of the MRT's blue line, more shophouses will be torn down soon to pave the way for a property development scheme.”

“MRTA deputy governor Ronnarit Yaemsaard, in his capacity as acting MRTA governor, said the agency had paid out 8.1 billion baht in land expropriation costs, out of a total put aside of 9.2 billion baht.” --Bangkok Post, 7 February 2011

Source: Bangkok Post

“With the distinctive architecture, unique businesses and traditions as well as the area's ethnic diversity, residents argue that the community is part of the cultural fabric of the city”

Printed

“The problem is that many business operators along the route, running from Bang Yai to Bang Sue, are refusing to make way.”

Working Draft - Last Modified 7/29/2011 8:36:50 PM

“Upping the Offer”

“With support from academics and other conservation groups, the group submitted a petition to the BMA to designate the area a conservation zone…BMA responded negatively to the request…” --Bangkok Post, 16 December 2012

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BANGKOK METRO PUBLIC COMPANY LTD (BMCL)

DOC ID

Rail line expansions needed for BMCL to profit Operating Performance1 For the year ended 31 December (In THB million) Total Revenue Total Expense Net Profit(Loss)

BMCL has been in operation for 8 years, but continues to incur net loss

Printed

Following the opening of the MRT purple line, by 2016, total passengers from 2 MRT lines will increase to 400,000 passengers/day, prompting BMCL to breakeven. Within 6 years, it is expected that BMCL would be able to recover all accumulated loss of THB 11,619.69 million. --Manager Online, 29 November 2012 (Translated from Thai)

2010

2011

Source: 1BMCL Annual Report 2012, Manager Online

2012

UMI Asia (Thailand) Ltd.

Working Draft - Last Modified 7/29/2011 8:36:50 PM

BMCL management team explained that the government’s delay in rail construction has led to unmet ridership targets. The operation of a new purple line (Bang Yai-Bang Sue) will help the business to finally make profits.

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DOC ID

Contents

▪ 

Overview of the Thai railway sector

▪ 

National Railway

▪ 

Urban Transport

Printed

Thailand – Country overview and economic outlook

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪ 

–  Bangkok Mass Transit System Company Limited (BTSC)

–  Bangkok Metro Public Company Ltd (BMCL) –  SRT Electrified Train (SRTET) –  Urban Transport Expansion Plan UMI Asia (Thailand) Ltd.

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

Table of Contents

SRT Electrified Train (SRTET) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

Printed

4.  Key statistics and additional information 5.  Current challenges

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

Company Profile: State Railway of Thailand Electrified Train (SRTET) Company Description ▪  SRTET is a subsidiary of SRT and operates the Airport Rail Link (ARL) ▪  Operating since 23 August 2010, ARL connects Suvarnabhumi Airport to central Bangkok (Phayathai, Makkasan), and has plans to extend to Don Mueng airport Rolling stock ▪  Siemens Desiro class 360/2 ▪  City line: 5 three-car trains ▪  Express lines: 4 four-car trains ▪  Total: 9 trains

Revenues

Ownership structure (Percent)

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Track data ▪  Track length: 28.6 km ▪  Track gauge: 1,435 mm ▪  3 lines: (1) City line, (2) Makkasan Express line and (3) Phayathai Express line ▪  Elevated train system

Logo

Printed

t o n n o i t a m r o e l b Inf la i a v a

Source: SRTET Website

SRT

100%

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

Table of Contents

SRT Electrified Train (SRTET) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

Printed

4.  Key statistics and additional information 5.  Current challenges

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

With a track length of 28.6 km, the ARL runs on 3 lines, connecting the city center to Suvarnabhumi Airport Current route network

▪ 

City Line 8 stations Duration: 30 minutes Frequency: Every 15-20 minutes

Printed

Makkasan Express Line Non-stop from Makkasan Station Duration: 15 minutes Frequency: Every 40 minutes Phayathai Express Line Non-stop from Phayathai Station Duration: 18 minutes Frequency: Every 30 minutes

Source: SRTET Website

UMI Asia (Thailand) Ltd.

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪ 

Began full commercial operations on August 23, 2010 Track length: 28.6 km, 3 lines

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SRT ELECTRIFIED TRAIN (SRTET)

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Table of Contents

SRT Electrified Train (SRTET) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

Printed

4.  Key statistics and additional information 5.  Current challenges

UMI Asia (Thailand) Ltd.

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

SRTET operates a total of 9 trains for the ARL Siemens: Desiro Class 360/2 : 5 three-car trains : 4 four-car trains (1 for baggage) : 25 kv AC : 20 m x 2.8 m : 745 passengers : 170 seats : 1,435 mm (standard gauge)

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Technical Details (Total 9 trains) ▪  Train configuration (City Service) ▪  Train configuration (Express) ▪  Power supply ▪  Length x Width ▪  Train capacity per car (City Service) ▪  Train capacity per car (Express) ▪  Track gauge

Printed

Source: SRTET Website

UMI Asia (Thailand) Ltd.

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

SRTET plans to expand its fleet to increase ridership capacity Current Fleet Number of trains

Manufacturer

Electric train

9 trains !  5 three-car trains !  4 four-car trains

Siemens

Number of trains

Status

Budget

7 four-car trains

Bidding to procure cars used in City Line is expected to begin in January 2014

THB 4.8 billion

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Type

Future expansion Type Electric train

Printed

!  Currently, there are 5 three-car trains running on the City Line. !  Additional 7 four-car trains will be added to the fleet to service the City Line. !  Additional plans for rolling stock expansion: − Change from three-car trains to four-car trains to increase ridership capacity from 700-800 to 1,000 passengers per trip − New trains are required to have greater width than old model by 5 centimeters, and the depth of train walls will be lessened to increase interior space. − The passenger door system will be changed to electric system to reduce noises.

Source: Breaking News, Dec 2013

UMI Asia (Thailand) Ltd.

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

Table of Contents

SRT Electrified Train (SRTET) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

Printed

4.  Key statistics and additional information 5.  Current challenges

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

ARL ridership is expected to increase in the future, mainly from rising popularity of the City Line Total ridership per year (In million passengers)

2011

2012

*Begin operations on 23 August 2010 **Data up to June 2013, extrapolated to full year Source: OTP Statistics

2013**

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Printed

2010*

Working Draft - Last Modified 7/29/2011 8:36:50 PM

+20.2%

!  Passenger ridership increased by 20.2% over 2011-12. The trend is expected to continue in the future. !  In 2012, the trains carry 50,000 passengers a day, most of them on the City Line (48,000 passengers a day for City line, and 2,000 passengers a day for Express lines) !  The number of passengers on the City Line is expected to increase, and SRTET plans to acquire 7 more trains to respond to rising demand. !  However, Express lines’ ridership is still lower than target because it was inconvenient to use.

SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

Table of Contents

SRT Electrified Train (SRTET) Working Draft - Last Modified 7/29/2011 8:36:50 PM

1.  General overview 2.  Track infrastructure 3.  Rolling stock

Printed

4.  Key statistics and additional information 5.  Current challenges

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

There are 4 main challenges for the SRTET

ARL is slow to breakeven despite efforts to increase ridership, discouraging further investment

Picture

Corruption fears on top of the current unprofitable operations also deter investment and increase public scrutiny of high-investment mega-projects

Picture

ARL has faced numerous complaints over its low service quality, which may have contributed to the below-target passenger numbers and unprofitable operations

Picture

Source: Team analysis

UMI Asia (Thailand) Ltd.

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Picture Working Draft - Last Modified 7/29/2011 8:36:50 PM

Technical problems halting train services has deteriorated ARL reputation

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

1 Technical problems caused Airport Rail Link service to halt “Track problem halts Airport Link ” Working Draft - Last Modified 7/29/2011 8:36:50 PM

“The Airport Rail Link city-inbound service was halted for about an hour during Monday morning’s rush hours due to an unspecified “technical problem” with the track, making many commuters late for work.”

Printed

“SRT Electrified Train Co. operator of the Airport Rail Link, said a problem occurred at Hua Mark station around 8.30am, and the service was suspend to ensure the safety of passengers.”

--Bangkok Post, 6 January 2014

Source: Bangkok Post

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

2 Airport Rail Link operation is slow to break even “Airport Link revenue breaks even for the first time”

Working Draft - Last Modified 7/29/2011 8:36:50 PM

“According to the Transport Ministry, the Airport Rail Link operator broke even for the first time during the last quarter after suffering revenue losses since the start of the train operation” SRT Electrified Train Co Ltd (SRTET) has reportedly hit the 500-million-baht annual revenue mark, recording 50,000 passengers per day, or 115 percent of total passenger capacity. The operator expects the rail service to reap profits during the next 4-5 years.

Printed

SRTET earlier stated that despite the implementation of the 20-baht flat fare promotion in 2012, their revenue continued to drop and had previously sustained a monthly loss of 1.8 million baht. The ministry made known that the SRTET is also set to borrow 420 million baht to boost the agency’s liquidity. The State Railway of Thailand will work on the master plan to oversee methods to pay back the loans --National News Bureau of Thailand, 19 April 2013

Source: National News Bureau of Thailand

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STATE RAILWAY OF THAILAND (SRT)

DOC ID

3 Allegations of corruption have increased public scrutiny for costly mega-projects

Working Draft - Last Modified 7/29/2011 8:36:50 PM

“Rail link sparks corruption fears” “Concerns are growing that the company to be set up by the State Railway of Thailand to operate the Airport Rail Link system could become a new cash cow for politicians, a Transport Ministry source said”

Printed

“"The golden goose is not the rail link operation but the Makkasan main passenger terminal, as the subsidiary will have to manage the commercial space there for leasing and advertising," the source said” --The Nation, 7 May 2009

Source: The Nation

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

4 There are many criticisms over Airport Rail Link’s service quality “Officials have been bombarded with many complaints.” The terminals at the stations are badly signposted There are neither escalators nor trolleys for passengers with heavy bags to use. The lack of a car park and facilities linking the stations to public transport. The rail link project between central Bangkok and Suvarnabhumi Airport is overpriced, with passengers paying up to 150 baht (currently, the price is reduced to 90 baht) !  A lack of spare parts has been a recurring problem, worsened by unusual wear to some key components. Carbon brushes, for example – an essential component in the brakes of the electric-powered train – were supposed to last six months, but failed after only three days of use.

Working Draft - Last Modified 7/29/2011 8:36:50 PM

!  !  !  ! 

Printed

“The 28-kilometre Airport Rail Link between central Bangkok and Suvarnabhumi Airport has been plagued with these problems after less than one year of trials and service” “…the rail link service has not been popular with passengers. There are only about 700 rail link passengers a day, well below the target of 2,200, although the City Line for commuters still can attract between 36,000 to 40,000 a day.” “…the service is losing about 42 million baht a month” --Bangkok Post, 18 April 2011

Source: Bangkok Post

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SRT ELECTRIFIED TRAIN (SRTET)

DOC ID

4 SRTET needs to improve its services to attract more passengers

“However, the Bangkok trains carry only 50,000 passengers a day, most of them on the City Line, compared with about 150,000 travelers going through the airport every day.”

--Bangkok Post, 1 June 2013

Source: Bangkok Post, The Nation

“the big problem with the Airport Rail Link was that it was inconvenient to use. There is no direct connection with the MRT subway or BTS Skytrain and there are no lifts for those with large pieces of luggage.” “ATTA members continue to recommend to their customers that they take public taxis to Suvarnabhumi Airport, as they offer more convenience at similar cost. Thais also prefer to take cabs or personal vehicles directly to the airport.” --The Nation, 8 August 2011

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Printed

“The operator has tried in vain to get more passengers on the trains including fare promotions such as a discounted flat-rate for its City Line last year”

“The Association of Thai Travel Agents (ATTA) claimed that SRT had totally failed in its handling of this operation as it was attracting only a few passengers.”

Working Draft - Last Modified 7/29/2011 8:36:50 PM

“ When the Airport Rail Link was launched, the SRT expected it to be a main feeder for travelers to the airport, like the express train service from the Malaysian capital to Kuala Lumpur International Airport.”

DOC ID

Contents

▪ 

Overview of the Thai railway sector

▪ 

National Railway

▪ 

Urban Transport

Printed

Thailand – Country overview and economic outlook

Working Draft - Last Modified 7/29/2011 8:36:50 PM

▪ 

–  Bangkok Mass Transit System Company Limited (BTSC)

–  Bangkok Metro Public Company Ltd (BMCL) –  SRT Electrified Train (SRTET) –  Urban Transport Expansion Plan UMI Asia (Thailand) Ltd.

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URBAN TRANSPORT EXPANSION

DOC ID

Over the next 7 years, Bangkok’s urban transport rail network will be expanded significantly Future Mass Transit Network Rail Length (Track Length in km)

Working Draft - Last Modified 7/29/2011 8:36:50 PM

236.0 +583.2%

87.0

Printed

2010

2011

2013

2016E 2020E

!  OTP’s mass transit rail master plan for Bangkok Metropolitan and surrounding areas shows dramatic increase in total track length over 2010-2020. !  By 2020, Bangkok’s urban rail network will be expanded to 506.9 km.

Source: OTP Statistics, Ministry of Transportation, BTS Annual Report 2012/13

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URBAN TRANSPORT EXPANSION

DOC ID

By 2020, Bangkok Mass Transit will have 10 new lines, with a total length of 506.9 km Planned track distance expansion by responsible parties (Track length in km) 214

507

Under construction In operation

263

Present

By 2020

Number of lines

4 lines

10 lines

Total track length (BTS, MRT, SRT, and Airport Rail Link)

85 km

506.9 km

Passenger trips/day

0.9 million

5.36 million

Pervasion (rail mass transit length per million population)

7.6 km

>40 km

Printed

!  With 28% of the anticipated budget for railway improvements (approximately THB 465 bn), Bangkok hopes to see 10 new rail lines over the next 7 years !  This plan includes both underground, elevated and some monorail services !  Expansion of some lines has already started and progress is visible throughout Bangkok

30 16 15 BMA

MRTA

SRT/SRTET

Total

!  All 3 railway operators participating in the expansion: BTS, MRT, and SRT (through SRTET)

Source: Ministry of Transport, BTS Annual Report 2012/12, BMCL Annual Report 2012

UMI Asia (Thailand) Ltd.

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Future expansion

Description

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URBAN TRANSPORT EXPANSION

DOC ID

After expansion, there will be 10 mass transit lines operating in Bangkok, connecting the city center with the Bangkok Metropolitan Region

1. Red Line (80.8 km)

5. Green Line (66.5 km) Working Draft - Last Modified 7/29/2011 8:36:50 PM

6. Purple Line (42.8 km) 8. Pink Line (36 km) 2. Light Red Line (54 km) 9. Yellow Line (30.4 km)

10. Dark Green Line (30 km)

Source: MRTA; Web Research

7. Orange Line (32.5 km)

Printed

4. Blue Line (55 km)

3. Airport Rail Link (78.9km)

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URBAN TRANSPORT EXPANSION

DOC ID

Expansion will add 421.55 km of track to the existing network Planned Line Expansion By Responsible Entities Entities

SRTET

BMA

Projects

Route

1. Red Line (New)

Thammasat University Rangsit – Mahachai

80.8

80.8

2. Light Red Line (New)

Salaya – Hua Mak

54.0

54.0

3. Airport Rail Link (Extension)

Don Mueng Airport – Suvarnabhumi Airport

50.3

78.9

4. Blue Line (Extension)

Bang Sue – Hua Lamphong – Tha Phra – Putthamonthon

35.0

55.0

5. Light Green Line (Extension)

Lam Luk Ka – Bang Pu

44.25

66.5

6. Purple Line (New)

Bang Yai – Rat Burana

42.8

42.8

7. Orange Line (New)

Charan Sanit Wong – Min Buri

32.5

32.5

8. Pink Line (New)

Kae Rai – Min Buri

36.0

36.0

9. Yellow Line (New)

Lat Phrao – Sam Rong

30.4

30.4

10. Dark Green Line (Extension)

Yotse – Taling Chan

15.5

30.0

421.55

506.9

Total Expansion Source: BMCL Annual Report 2012

UMI Asia (Thailand) Ltd.

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MRTA

Total Distance (km) Working Draft - Last Modified 7/29/2011 8:36:50 PM

SRT

Expansion Distance (km)

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URBAN TRANSPORT EXPANSION

DOC ID

The expansion of the Bangkok Mass Transit System is under the responsibility of four entities

SRTET will extend the Airport Rail LInk

BMA to oversee the extension of BTS line

Source: Team analysis

▪ 

Aside from the improvements of the national railway network, SRT will also expand its route networks in Bangkok Two lines planned to connect outer Bangkok (Red and Light Red Lines)

▪  ▪ 

Dark Red Line currently preparing for construction Bang Sue – Taling Chan section of Light Red Line completed

Airport Rail Link will extend and connect Don Mueng Airport to Suvarnabhumi Airport SRTET also plans to expand its rolling stock

▪ 

Planning stage

Six BKK mass transit lines will be under the responsibility of the MRTA Line will extend to outer Bangkok Some lines will be operated by BMPCL (MRT) and some by BTSC (BTS)

▪ 

The Purple (new), Blue (extension) and Green (extension) lines are currently under construction

BMA will oversee the extension of the BTS Silom Line (operated by BTSC) Line will be extended to Bang Wa

▪ 

Planning stage

▪  ▪  ▪  ▪  ▪  ▪  ▪  ▪ 

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MRTA to oversee 6 projects

Current Status

Working Draft - Last Modified 7/29/2011 8:36:50 PM

SRT to construct 2 BKK lines

Overview

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URBAN TRANSPORT EXPANSION

DOC ID

The expansion of the Bangkok Mass Transit System is under the responsibility of four bodies

SRTET will extend the Airport Rail LInk

BMA to oversee the extension of BTS line

Source: Team analysis

▪ 

Aside from the improvements of the national railway network, SRT will also expand its route networks in Bangkok Two lines planned to connect outer Bangkok (Red and Light Red Lines)

▪  ▪ 

Dark Red Line currently preparing for construction Bang Sue – Taling Chan section of Light Red Line completed

Airport Rail Link will extend and connect Don Mueng Airport to Suvarnabhumi Airport SRTET also plans to expand its rolling stock

▪ 

Planning stage

Six BKK mass transit lines will be under the responsibility of the MRTA Line will extend to outer Bangkok Some lines will be operated by BMPCL (MRT) and some by BTSC (BTS)

▪ 

The Purple (new), Blue (extension) and Green (extension) lines are currently under construction

BMA will oversee the extension of the BTS Silom Line (operated by BTSC) Line will be extended to Bang Wa

▪ 

Planning stage

▪  ▪  ▪  ▪  ▪  ▪  ▪  ▪ 

UMI Asia (Thailand) Ltd.

Printed

MRTA to oversee 6 projects

Current Status

Working Draft - Last Modified 7/29/2011 8:36:50 PM

SRT to construct 2 BKK lines

Overview

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RAILWAY EXPANSION PLAN

DOC ID

SRT plans to extend 2 commuter lines in outer Bangkok Dark Red Line 1 (Thammasat Rangsit — Mahachai) Total length: 80.8km Working Draft - Last Modified 7/29/2011 8:36:50 PM

Extension 1 (Thammasat Rangsit – Bang Sue) ▪  36.3 km long ▪  Contractor: Italian-Thai Development ▪  Current status (3 June 13): Preparing for construction ▪  Expected completion time: 2017

Extension 3 (Hua Lamphong – Bang Bon) ▪  18 km long ▪  Current status: Planning stage Extension 4 (Bang Bon – Mahachai) ▪  20 km long ▪  Current status: Expected to begin in 2019

Source: Thairath Newspaper; 3 June 2013

Printed

Extension 2 (Bang Sue – Hua Lamphong) ▪  16.5 km long ▪  Current status: Bidding process soon ▪  Expected completion time: 2018

Technical Details ▪  Total distance ▪  Track gauge ▪  Power supply ▪  Train speed

: 80.8 km : 1,000 mm x 4 : Overhead : 160 km/hour

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RAILWAY EXPANSION PLAN

DOC ID

SRT plans to extend 2 commuter lines in outer Bangkok 2

Light Red Line (Salaya — Huamak)

Technical Details ▪  Total distance ▪  Track gauge ▪  Power supply

▪ 

Train speed

: 54 km : 1,000 mm x 2 : Overhead lines : 160 km/hour

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Total length: 54 km Extension 1 (Bangsue — Talingchan) ▪  15 km long ▪  Current status (3 June 13): Completed, waiting for procurement of trains Extension 2 ▪  Bang Sue-Ratchavitee-Phayathai-Makkasan: 9 km ▪  Makkasan-Ramkamhaeng-Huamak: 10 km ▪  Taling Chan-Taling Chan floating market-Chansanidwong-Siriraj: 6 km ▪  Taling Chan-Baanchimplee-Kanchanapisek-Salaya: 14 km ▪  Current status: Bidding process soon −  Expected completion time: 2018

Printed

Source: Thairath Newspaper; 3 June 2013

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URBAN TRANSPORT EXPANSION

DOC ID

The expansion of the Bangkok Mass Transit System is under the responsibility of four entities

SRTET will extend the Airport Rail LInk

BMA to oversee the extension of BTS line

Source: Team analysis

▪ 

Aside from the improvements of the national railway network, SRT will also expand its route networks in Bangkok Two lines planned to connect outer Bangkok (Red and Light Red Lines)

▪  ▪ 

Dark Red Line currently preparing for construction Bang Sue – Taling Chan section of Light Red Line completed

Airport Rail Link will extend and connect Don Mueng Airport to Suvarnabhumi Airport SRTET also plans to expand its rolling stock

▪ 

Planning stage

Six BKK mass transit lines will be under the responsibility of the MRTA Line will extend to outer Bangkok Some lines will be operated by BMPCL (MRT) and some by BTSC (BTS)

▪ 

The Purple (new), Blue (extension) and Green (extension) lines are currently under construction

BMA will oversee the extension of the BTS Silom Line (operated by BTSC) Line will be extended to Bang Wa

▪ 

Planning stage

▪  ▪  ▪  ▪  ▪  ▪  ▪  ▪ 

UMI Asia (Thailand) Ltd.

Printed

MRTA to oversee 6 projects

Current Status

Working Draft - Last Modified 7/29/2011 8:36:50 PM

SRT to construct 2 BKK lines

Overview

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RAILWAY EXPANSION PLAN

DOC ID

SRTET plans to extend the Airport Rail Link to Don Mueng Airport to boost convenience 3 Airport Rail Link

Total length: 78.9 km Current airport link: 28.6 km long

Don Mueng Airport Working Draft - Last Modified 7/29/2011 8:36:50 PM

Technical Details (Extension) ▪  Total distance 50.3 km ▪  Track gauge Standard ▪  Power supply Overhead lines ▪  Train speed 90-120 km/hr (City), 130-160 km/hr (Express)

Source: Thairath Newspaper; 3 June 2013

Printed

Extension 1: (Phayathai-MakkasanSuvarnabhumi Airport) ▪  28.5 km long ▪  Current status (3 June 13): Completed since 2008 Extension 2: (Phayathai-Bang Sue-Don Mueng Airport) ▪  21.8 km long ▪  Current status (June 2013): Design for Bang Sue-Phayathai completed

Suvarnabhumi Airport

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URBAN TRANSPORT EXPANSION

DOC ID

The expansion of the Bangkok Mass Transit System is under the responsibility of four entities

SRTET will extend the Airport Rail LInk

BMA to oversee the extension of BTS line

Source: Team analysis

▪ 

Aside from the improvements of the national railway network, SRT will also expand its route networks in Bangkok Two lines planned to connect outer Bangkok (Red and Light Red Lines)

▪  ▪ 

Dark Red Line currently preparing for construction Bang Sue – Taling Chan section of Light Red Line completed

Airport Rail Link will extend and connect Don Mueng Airport to Suvarnabhumi Airport SRTET also plans to expand its rolling stock

▪ 

Planning stage

Six BKK mass transit lines will be under the responsibility of the MRTA Line will extend to outer Bangkok Some lines will be operated by BMPCL (MRT) and some by BTSC (BTS)

▪ 

The Purple (new), Blue (extension) and Green (extension) lines are currently under construction

BMA will oversee the extension of the BTS Silom Line (operated by BTSC) Line will be extended to Bang Wa

▪ 

Planning stage

▪  ▪  ▪  ▪  ▪  ▪  ▪  ▪ 

UMI Asia (Thailand) Ltd.

Printed

MRTA to oversee 6 projects

Current Status

Working Draft - Last Modified 7/29/2011 8:36:50 PM

SRT to construct 2 BKK lines

Overview

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URBAN TRANSPORT EXPANSION

DOC ID

MRTA will oversee the expansion of 6 Bangkok Mass Transit Lines

6. Purple Line (New): Bang Yai – Rat Burana (42.8km)

5. Green Line (Extension): Lam Luk Ka – Bang Pu (44.25 km)

Working Draft - Last Modified 7/29/2011 8:36:50 PM

8. Pink Line (New): Khae Rai – Minburi (36km)

7. Orange Line (New): Taling Chain – Min Buri (32.5km)

Printed

4. Blue Line (Extension): Bang Sue – Putthamonthon (35km)

9. Yellow Line (New): Lad Prao – Somrong (30.4km)

Source: MRTA, Ministry of Transport

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URBAN TRANSPORT EXPANSION

DOC ID

MRT’s blue line will be extended by 35 km; the construction is in progress 4 Blue Line (MRT line) Total Length: 55 km

Printed

Source: Ministry of Transport, Blue Line Project Report

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Current Blue line !  20 km long –  All underground Extension 1 (Bang Sue – Tha Phra) ▪  13 km long, 10 stations –  All elevated ▪  Current status: 39.71% complete –  Expected Completion: 2017 Extension 2 (Hua Lamphong – Bang Kae) ▪  14 km long, 11 stations –  Underground: Hua Lamphong — Tha Pra: 5 km, 4 stations –  Elevated: Tha Pra — Bang Kae: 9 km, 7 stations ▪  Current status: Construction Extension 3 (Bang Kae– Putthamonthon 4) ▪  8 km long ▪  Current status: To start in 2019

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BTS’s Light Green Line will be extended for both sides, with total extension of 44.25 km 5 Light Green Line (BTS Sukhumvit Line)

Extension 2,3

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Source: Ministry of Transport, Green Line Project Report, Thairat June 2013, Thai Contractors Website

Extension 1 Working Draft - Last Modified 7/29/2011 8:36:50 PM

Total length: 66.5km Current green line !  22.25 km long Extension 1 (Mochit – Saphan Mai – Kukod) ▪  19 km long, 16 stations –  All elevated: 6.8 km, 5 stations ▪  Current status: Bidding process to start in 2013 Extension 2 (Bearing – Samut Prakan) ▪  13 km, 9 stations ▪  Current status: 12.09% complete –  Expected completion: 2017 Extension 3 ( Samut Prakan – Bang Pu) !  7 km , 4 stations !  Current status: Bidding process to start in 2013 –  Expected completion: 2017 Extension 4 ( Kukod – Lam Luk Ka) !  5.25 km, 4 stations !  Current status: feasibility study

Extension 4

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First phase of the Purple Line construction is expected to be completed in 2016 and will be operated by BMCL 6 Purple Line (Bang Yai – Rat Burana) Total Length: 42.8 km Working Draft - Last Modified 7/29/2011 8:36:50 PM

Extension 1 (Bang Yai – Bang Sue) ▪  23 km long, 16 stations –  All elevated ▪  Current status: 72.16% complete ▪  Expected completion: 2016

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Extension 2 (Tao Poon– Rat Burana) ▪  19.8 km long, 16 stations –  Underground: 13.2 km, 11 stations –  Elevated: 6.8 km, 5 stations ▪  Current status: Bidding process begins 2014 MRTA has granted BMCL a Concession Agreement for Supply of M&E Systems and O&M Services of the MRT Purple Line

Extension 1 Source: MRTA; Web Research; Thairat June 2013

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Orange Line with a total length of 32.5 km is in the planning stage 7 Orange Line (Charan Sanit Wong – Min Buri) Total Length: 32.5 Extension 2 (Thailand Cultural Center – Bangkapi) ▪  9 km ▪  Current status: Feasibility study

Extension 3 (Bangkapi – Min Buri) ▪  11 km ▪  Current status: Feasibility study

Source: MRTA; Web Research; Thairat June 2013

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Orange Line Total Extension: 32.5 km

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Extension 1 (Charan Sanit Wong – Thailand Cultural Center) ▪  12.5 km long ▪  Current status: Bidding process begins 2014

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Pink Line with a total length of 36km is in the planning stage 8 Pink Line (Kae Rai – Min Buri) Total Length: 36 km Working Draft - Last Modified 7/29/2011 8:36:50 PM

Extension 1 (Kae Rai– Min Buri) ▪  36 km, 30 stations –  All straddle monorail ▪  Current status: Feasibility study

Source: MRTA; Web Research; Thairat June 2013

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Pink Line Total Extension: 36 km

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Yellow Line with a total of 30.4km is in planning stage 9 Yellow Line (Lad Prao – Sam Rong) Total Length: 30.4 km Working Draft - Last Modified 7/29/2011 8:36:50 PM

Extension 1 (Lad Prao – Bangkapi) ▪  12.6 km long, 10 stations –  All straddle monorail ▪  Current status: Reviewing feasibility study, initial design

Source: MRTA; Web Research; Thairat June 2013

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Extension 2 (Bangkapi– Sam Rong) ▪  17.8 km long, 11 stations –  All elevated –  Extension connects with Airport Rail Link (ARL) ▪  Current status: Reviewing feasibility study

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Following the planned expansion of infrastructure, MRTA also plans to procure additional rolling stock Current Fleet Number of cars

Manufacturer

Electric train

19

Siemens (Modular Metro)

Working Draft - Last Modified 7/29/2011 8:36:50 PM

Type

Future expansion Number of cars

Status

Electric train

437

Monorail trains

300

Bidding to procure cars for Blue Line expansion expected to begin early 2014

Budget

40 - 50 billion baht

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Type

MOT propose for Thai electrified trains1 Minister of MOT propose an idea for Thailand to establish its own factory producing electrified trains. The responsible party can be either: 1.  The private sector receiving concession for its factory from the MRTA 2.  The public sector (MRTA) 3.  Public—private partnership (MRTA—private company)

Source: Thai Post Newspaper, 30 August 2013, 1Thairath Newspaper, 30 August 2013

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The expansion of the Bangkok Mass Transit System is under the responsibility of four bodies

SRTET will extend the Airport Rail LInk

BMA to oversee the extension of BTS line

Source: Team analysis

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Aside from the improvements of the national railway network, SRT will also expand its route networks in Bangkok Two lines planned to connect outer Bangkok (Red and Light Red Lines)

▪  ▪ 

Dark Red Line currently preparing for construction Bang Sue – Taling Chan section of Light Red Line completed

Airport Rail Link will extend and connect Don Mueng Airport to Suvarnabhumi Airport SRTET also plans to expand its rolling stock

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Planning stage

Six BKK mass transit lines will be under the responsibility of the MRTA Line will extend to outer Bangkok Some lines will be operated by BMPCL (MRT) and some by BTSC (BTS)

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The Purple (new), Blue (extension) and Green (extension) lines are currently under construction

BMA will oversee the extension of the BTS Silom Line (operated by BTSC) Line will be extended to Bang Wa

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Planning stage

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MRTA to oversee 6 projects

Current Status

Working Draft - Last Modified 7/29/2011 8:36:50 PM

SRT to construct 2 BKK lines

Overview

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BMA currently has 2 extension plans for BTS Silom line (Dark Green Line) 10 Dark Green Line (Yotse – Taling Chan) Total length: 30km Working Draft - Last Modified 7/29/2011 8:36:50 PM

Current Dark Green Line

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14.5 km long

Extension 1 (Bang Wa– Taling Chan) Number of stations: 6 Current Status: Under planning stage Expected Completion: 2018

Extension 2 (National Stadium– Yotse)

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Extension 2

Current status: To start in 2019

Source: BTS Group; Group General Presentation—March 2013, Mthail News Dec 2013

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