① Recently, the National Railway Administration of Thailand approved the second phase of the China-Thailand Railway project costing 341.4 billion baht (approximately RMB 66.8 billion). ② Changjiang Securities believes that rail transit equipment is expected to fully benefit from the “Belt and Road” demand boom.
Recently, the National Railway Administration of Thailand approved the second phase of the China-Thailand Railway project costing 341.4 billion baht (approximately RMB 66.8 billion). Niru Manipan, director of the National Railway Administration of Thailand, said that the agency will submit the 357-kilometer line construction plan to the Ministry of Transport and the Cabinet. According to the schedule, 13 construction contracts are expected to be tendered in 2025, and commercial operation is expected to begin in 2031.
According to reports, the future connection of the China-Thailand Railway between Kunming, China and Bangkok, Thailand is a major project for the Sino-Thai high-speed railway cooperation, and is also a landmark project for the joint construction of the “Belt and Road”. This is Thailand's first standard-gauge high-speed railway using the Chinese standard “Fuxing” CR300AF train technology. GF Securities said that the construction of railway facilities is one of the priorities of infrastructure projects in countries along the route, and construction and operation have progressed well in recent years. As an important foundation for infrastructure and trade connectivity, significant progress has been made in the construction of several interregional and intercontinental railway networks in countries along the route, led by China. Changjiang Securities believes that rail transit equipment is expected to fully benefit from the “Belt and Road” demand boom.
According to the Finance Federation's theme library, among the relevant listed companies:
Golden Eagle Heavy Industries is a rail engineering equipment manufacturer under China Railway Group, actively serving the country's “Belt and Road” strategy. In 2022, it successfully won the bid for export projects such as the Thai Railway Renovation Project and the Singapore R176 North-South East-West Line Flat Car Project.
Railway rail products have been used in various overseas projects such as the Yawan High Speed Rail, the China-Laos Railway, the China-Thailand Railway, and the Padma Bridge Railway Link Project in Bangladesh.