Thailand has embarked on a $67 billion infrastructure
spending program to get the nation ready for the advent of the ASEAN Economic
Community – a regional trading bloc taking in 600 million people with a
combined GDP of $1.9 trillion.
The
country wants to end its addiction to road transport, shifting freight from
road to rail, easing Thailand's notorious gridlock and reducing logistics costs
by building 3000 kilometres of double-track railway.
Transport
Minister Chadchart Sittipunt has laid out the welcome mat for Australian
companies keen to take part in Thailand's largest nation building project. But
so far no Australian company has shown any interest.
"You
are one of the best rail operators in the world," he told BusinessDay in
Bangkok last week. "You are more than welcome to join the bidding."
But Mr
Sittipunt warned that companies must be in early to stand a chance of winning a
slice of the cake.
"You
have to come here early, so we can understand your strength and you can
understand our problem," he said. "Look at Japan and China, they came
here a year earlier as technical advisers to the government."
Mr
Sittipunt said the massive overhaul of infrastructure was crucial for the
"connectivity" of the region. "In three years, we are going to
have free flow of goods, services, capital and skilled labour," he said.
"The
ASEAN Economic Community will be bigger than the European Union and if you
include China, together we will contribute a third of the world's population.
We will be a major player in the coming years."
Australia's
ambassador in Bangkok, James Wise, said many Australian companies had been
reluctant to take advantage of growth opportunities in Thailand.
"If
it does not look like New Zealand, we are scared," Mr Wise said. He said
Australians often underestimated the industrial prowess of Thailand and treated
it as a mere tourist destination.
Mr
Sittipunt, who worked in Australia for 18 months at the CSIRO in the early
2000s, said he saw a bigger role for Australia to play in Thailand's
fast-growing aviation sector.
He invited
Australian pilot training providers to set up centres in Thailand to cater for
growing demand for pilots on the back of the booming tourism market.
"There
will be a lot of demand for pilots in the coming years," he said, "We
can start this immediately and it does not require much investment".
Peter Cai
Business & Investment Opportunities
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