Misplaced Pages

#468531

65-711: The construction of the road was finished in 1950 and was named "Phet Kasem" on December 10, 1950 in honour Luang Phet Kasemwithisawasdi (Tham Phetkasem), formerly the seventh director deputy general of the State Highways Department. Before that, it had been called "Bangkok–Khlong Phruan Road" (ถนนกรุงเทพ–คลองพรวน). Luang Phet Kasemwithisawasdi was the royal scholar of the State Railway Department (now State Railway of Thailand ). He studied civil engineering in England and returned to work for

130-508: A group of businesses must use nearly the same fiscal year (differences of up to three months are permitted in some jurisdictions, such as the US and Japan), with consolidating entries to adjust for transactions between units with different fiscal years, so the same resources will not be counted more than once or not at all. In Afghanistan , from 2011 to 2021, the fiscal year began on 1   Hamal (20th or 21 March). The fiscal year aligned with

195-413: A tonne of freight by rail costs 0.93 baht per kilometre compared with 1.72 baht by road, but 86 percent of Thailand's freight moves by road and only 2 percent by rail. Completed double tracking projects: Phase one of the project includes five sections of double-track railway with remaining two projects under construction: Cabinet approval is expected to allow the signing of contracts for phase two of

260-541: A 722-km route to Lamphun Province in the north of the country, and a 433-km route to Khon Kaen in the northeast. SRT also operates special services aimed at tourists, such as the SRT Royal Blossom train, SRT KiHa 183 Excursions, steam train services and weekend Nam Tok Sai Yok Noi and Suan Son Pradipat province. Most of these special services feature special trains, and are priced at a premium, with added services. Refurbished old KiHa 183 trains debuted on

325-443: A January–December financial year, becoming the first Indian state to do so. But later it dropped the idea due to Many financial & accounting error. In Indonesia , since 2001, the fiscal year is the calendar year, 1 January to 31 December. Until 2000, the fiscal year ran from 1 April to 31 March; fiscal year 2000 ran from 1 April to 31 December. In Iran , the fiscal year usually starts on 21st or 22 March (1st of Farvardin in

390-546: A fiscal year which ends during the summer to align the fiscal year with the academic year (and, in some cases involving public universities, with the state government's fiscal year) and also because the university is normally less busy during the summer months. In the Northern Hemisphere , that is July to the next June. In the Southern Hemisphere , that is the calendar year, January to December. In

455-575: A line branches to connect with the Malaysian railway at Padang Besar and the mainline continues to Su-ngai Kolok passing through Yala Province . The Eastern Line begins at Bangkok before heading through Chachoengsao , Prachinburi to terminate at Aranyaprathet in Sa Kaew Province , 255 kilometers from Bangkok. There is a reopened rail link to Cambodia from Aranyaprathet. A branch line also connects Khlong Sip Kao Junction to

520-578: A loss every year since it was turned into a state-owned enterprise under the Transport Ministry in 1951. As the worst financially performing state enterprise, it reported a preliminary loss of 7.58 billion baht in 2010. In the fiscal year ending 30 September 2016, the military government budgeted 7,600 million baht for SRT infrastructure investments to be used for track duplication, an extension of Bangkok's elevated railway, and construction of bridges, fences, and track improvements, however,

585-582: A rehabilitation plan that will be presented to the State Enterprise Policy Commission on 30 July 2018. The commission, chaired by Prime Minister Prayut Chan-o-cha is expected to approve the plan. The plan calls for SRT to become the largest railway state enterprise in ASEAN . By 2027, anticipating income growth from asset management and cost management, SRT foresees profits of over 20 billion baht. Hopewell Holdings of Hong Kong

650-562: A similar fashion, many nonprofit performing arts organizations will have a fiscal year which ends during the summer, so that their performance season that begins in the fall and ends in the spring will be within one fiscal year. Some media/communication-based organizations use a broadcast calendar as the basis for their fiscal year. Fiscal years' names are often shortened based on the year in which they end ; for example, "fiscal year 2023-2024" and "FY24" are synonymous. The fiscal year for individuals and entities to report and pay income taxes

715-400: A year ending 30 June on the following dates: Victoria changed in 1870, South Australia in 1874, Queensland in 1875, Western Australia in 1892, New South Wales in 1895 and Tasmania in 1904. The Commonwealth adopted the near-ubiquitous financial year standard since its inception in 1901. The reason given for the change was for convenience, as Parliament typically sits during May and June, while it

SECTION 10

#1732790471469

780-641: Is a westerly branch towards Khiri Rat Nikhom while the main line continues south to Thung Song Junction in Nakhon Si Thammarat Province where another branch reaches Kantang in Trang Province . Not far away, another branch separates off the mainline at Khao Chum Thong Junction . The main line from Nakhon Sri Thammarat continues through Phatthalung before reaching Hat Yai Junction in Songkhla Province . From here,

845-683: Is also a branch off the mainline from Ban Dara Junction to Sawankhalok in Sukhothai Province . The Northeastern Line begins on the same route as the Northern Line, splitting at Ban Phachi Junction towards Nakhon Ratchasima . Then at Thanon Chira Junction , the line splits with one route passing Khon Kaen and Udon Thani before terminating at Nong Khai 624 kilometers (388 mi) from Bangkok. The other route passes through Buriram , Surin , Sisaket to reach Ubon Ratchathani , 575 km (357 mi) from Bangkok. There

910-1141: Is also another branch route originating from Kaeng Khoi Junction in Saraburi Province passing through Chai Badan District in Lopburi Province and Chatturat District in Chaiyaphum Province , before joining the mainline heading towards Nong Khai at Bua Yai Junction in Nakhon Ratchasima Province . The Southern Line begins in Bangkok and heads west towards Nakhon Pathom before splitting into three different routes. One route heads west to Kanchanaburi Province (210 km (130 mi)) while another heads north towards Suphan Buri (157 km (98 mi)). The Southern Line itself continues southbound through Ratchaburi , Phetchaburi , Hua Hin , Prachuap Khiri Khan Province , Chumphon , to Surat Thani 678 kilometers (421 mi) distant. From Surat Thani, there

975-432: Is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally with the reporting period not aligning with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to

1040-536: Is cheaper—only roughly half the cost of road transport —safer, and more environmentally-friendly than road transport, accounted for only 1.4 percent of freight tonnage carried in 2015. SRT aims to boost its share of cargo transport to six percent with its rail duplication by 2022. Expansion of SRT's freight service, which could earn more money than the heavily subsidized passenger service, has been neglected for decades in favour of Thailand's roads. The SRT's poor financial performance and resistance to reform, coupled with

1105-487: Is often known as the taxpayer's tax year or taxable year. Taxpayers in many jurisdictions may choose their tax year. Some federal countries, such as Canada and Switzerland, require the provincial or cantonal tax year to align with the federal year. In the United States, most states retained a 30 June fiscal year-end date when the federal government switched to 30 September in 1976. Nearly all jurisdictions require that

1170-416: Is possible for freight trains to travel between Thailand and the neighboring countries (Malaysia and Laos), the amount of international rail freight presently constitutes only a minuscule portion of Thailand's foreign trade. In 2012, merely 95 thousand tons of export cargo left Thailand by rail, as compared to 12 million tons of cargo exported by road, and 114 million tons of cargo exported by ship. For import,

1235-741: Is the terminus of all Eastern line services and commuter services from Bangkok on the Northern, Northeastern and Southern lines. Phahonyothin and Ladkrabang Inland Container Depot (ICD) are the main freight terminals. The Northern Line runs alongside the Northeastern Line until the Ban Phachi Junction . There, it splits from the Northeastern Line and proceeds through Lopburi , Nakhon Sawan , Phichit , Phitsanulok , Denchai , Lampang , Lamphun , before finally reaching Chiang Mai , 751 km (467 mi) from Bangkok . There

1300-553: The Airport Link . Nearly 91% was single-track railway (3,685 km (2,290 mi)) while 6%, mainly important sections around Bangkok, were double-track railway (251 km or 156 mi) and 3% were triple-track railway (107 km or 66 mi). The network serves 47 provinces and around 35 million passengers annually. The passenger count is expected to double by 2032, when the network grows to 6,463 km (4,016 mi) to serve 61 provinces. The SRT has suffered

1365-687: The Asian financial crisis of 1997, resulted in stringent restraints being placed on SRT staffing. In July 1998, the Thai cabinet issued an order that the SRT could only hire five new employees for every 100 retirees. As of 2018 , the order remains in effect. SRT officials estimated in 2017 that the enterprise needed to boost staff by 20 percent to 12,000. In 2018 SRT claims that it needs 18,015 employees to operate efficiently, but only has 10,035 on staff. The train maintenance workforce has dwindled to 500 from 3,000 over

SECTION 20

#1732790471469

1430-673: The Eastern and Oriental Express on their tracks which runs from Singapore to Bangkok and vice versa, although trips in 2024 did not enter Thailand. A link across the First Thai–Lao Friendship Bridge to Thanaleng railway station , near Vientiane , opened in March 2009. In December 2010, following Chinese plans to extend their standard-gauge railway network to Xishuangbanna on the China–Laos border and further into Laos,

1495-789: The Ministry of Transport in Thailand . The SRT was founded as the Royal State Railways of Siam (RSR) in 1890. King Chulalongkorn ordered the Department of Railways to be set up under the Department of Public Works and Town and Country Planning. Construction of the Bangkok - Ayutthaya railway (71 km or 44 mi), the first part of the Northern Line, was started in 1890 and inaugurated on 26 March 1897. The Thon Buri - Phetchaburi line (150 km or 93 mi), later

1560-581: The North–South Expressway (NSE) of Malaysia at the Sadao - Bukit Kayu Hitam border. Three sections of the highway are also the Asian Highway AH2 . State Railway of Thailand The State Railway of Thailand (SRT) ( Thai : การรถไฟแห่งประเทศไทย , abbrev. รฟท., RTGS :  kan rot fai haeng prathet thai ) is the state-owned rail operator under the jurisdiction of

1625-592: The Solar Hejri calendar ) and concludes on next year's 20th or 21 March (29th or 30th of Esfand in the Solar Hijri calendar ). In Ireland , the fiscal year is the calendar year, 1 January to 31 December. Until 2001, it was the year ending 5 April, as in the United Kingdom, but was changed with the introduction of the euro . The 2001 tax year was nine months, from April to December. In Israel ,

1690-642: The Lao National Railway. The rail link to Cambodia via Poipet from the railhead at Aranyaprathet was constructed in 1941, but was closed in 1961 due to strained Thai-Cambodian relations during the Cold War. The rail connection was repaired and reopened in April 2019. Cross-border services briefly ran until it was suspended by the outbreak of COVID-19 . Currently, no cross-border services operate. Railway connections to Myanmar (Burma), notably

1755-540: The Northeastern Line at Kaeng Khoi Junction . At Chachoengsao Junction , there is another branch to Sattahip . Along the route to Sattahip, at Si Racha Junction , there is yet another branch towards Laem Chabang Deep Sea Port and further at Khao Chi Chan Junction for Map Ta Phut Port, in Rayong . As of January 2023, all services terminate at Bangkok (Hua Lamphong) station. No services run to Krung Thep Aphiwat Central Terminal. The Maeklong Railway , also operated by

1820-404: The Northern Line was regauged over the next ten years. On 1 July 1951, RSR changed its name to the present State Railway of Thailand, which has the status of a state enterprise agency. On 7 April 2020, the Thai cabinet named Nirut Maneephan as the new chief of the SRT, the 29th governor in its history. As of 2020 SRT had 4,044 km (2,513 mi) of track, all of it meter gauge except

1885-793: The Persian or Solar Hijri calendar used in Afghanistan at the time. Following transfer of power to the Taliban administration in September 2021, Afghanistan abandoned the Solar Hijri calendar in favour of the Lunar Hijri calendar . The fiscal cycle was restarted with effect from 1   Muharram 1444 AH (30   July 2022) In Australia , a fiscal year is commonly called a "financial year" (FY) and starts on 1 July and ends on

1950-521: The SRT Board approved the addition of 1,330 new workers to bring the workforce to 15,550, still fewer than needed to address staff shortages. As of 2020 , SRT employed 9,204 employees and 3,721 yearly staffs totaling 12,925 while employment quotas respectively was 18,015 and 4,056 totaling 22,071. To address a long list of complaints accusing SRT of a lack of transparency in bids for projects and procurement deals, Prime Minister Prayut Chan-o-cha fired

2015-652: The SRT Light Red Line. The Red Line project is a new commuter rail system also owned by the SRT and will replace portions of rail lines running through Bangkok, eliminating at-grade crossings. Currently, two lines operate: the Dark Red Line and the Light Red Line . Thai railways transported around 11 million tons of freight per year in 2007–2012, which was around 2% of the total amount of freight moved by all modes of transportation. While it

Phet Kasem Road - Misplaced Pages Continue

2080-468: The SRT had managed to disburse only 53 percent of its allotted investment budget of 60 billion baht, compared with an average disbursement rate of 80 percent by Thailand's other 55 state-owned enterprises (SOEs). Disbursement rate is seen as an indicator of efficient management. SRT's budget from government for FY2020 was 13,574.9 million baht, increased from 9,087 million baht in FY2019. "If you look at

2145-499: The SRT has debts amounting to nearly 190 billion baht. The SRT consistently operates at a loss despite being endowed with large amounts of property—the SRT is one of Thailand's largest land holders, owning an estimated 39,840 hectares — and receiving large government subsidies. SRT's latest property development scheme is the Chao Phraya Gateway project. It capitalises on SRT's 277 rai , 1.16 kilometre stretch of land on

2210-548: The SRT network, gifted by the JR Hokkaido Railway Company , are now some of the most popular excursion train services, providing day and overnight tours to different provinces such as Ayutthaya, Hua Hin, Chacheongsao, Nakhon Nayok and Nam Tok Sai Yok Noi. Use Caterpillar C175-16 ACERT engines Used for special services only. (only 953 in use) (only 824 and 850 in use) (only 713 and 715 in use) In 2018, 91% of Thailand's 4,044 km rail network

2275-426: The SRT they are a bit like a patient in [intensive care] and everyone is saying to him 'you are the future' and trying to kick him out of bed when he is still moaning and groaning," said Ruth Banomyong, a logistics and transport expert at Thammasat University . The SRT annual operating losses are estimated at a minimum of 10 billion baht. In 2018 and 2019, the SRT lost 12 and 17 billion baht respectively. As of 2021

2340-768: The SRT, is independent of the national rail network and is split into two sections. The line begins at Wongwian Yai in Bangkok before terminating at the Mahachai station in Samut Sakhon , where a ferry is used by passengers to cross the Tha Chin River . The line starts again across the river at Ban Laem and continues until the Mae Klong station of Samut Songkhram . SRT operates different types of rail services, each with different service patterns as outlined below: SRT operates long-distance passenger services on

2405-526: The Southern Line, was opened on 19 June 1903. The first railway commander of the RSR was Prince Purachatra Jayakara , Prince of Kamphaengphet. The Northern Line was originally built as 1,435 mm ( 4 ft  8 + 1 ⁄ 2  in ) standard gauge , but in September 1919 it was decided to standardize on 1,000 mm ( 3 ft  3 + 3 ⁄ 8  in ) meter gauge and

2470-405: The State Railway Department and then transferred to the State Highways Department. Phet Kasem Road was built during the period when Luang Phet Kasemwithisawasdi was the deputy director general of the State Highways Department. The road was named under the policy of the government of Major General Por Phibunsongkhram who named the road after the chief engineer who supervised the construction and gave

2535-527: The Thai government agreed to start negotiations on building a standard-gauge network. This would initially involve two lines: from Bangkok to the Lao border, and a longer line from Bangkok along the peninsula to the Malay border. In 2024, long distance overnight train services between Bangkok and Vientiane Khamsavath railway station were started. Shuttle trains to Udon Thani are also being operated in conjunction with

2600-629: The UK calendar despite being listed in India. Companies following Indian fiscal year get to know their economic health on 31 March of every Indian financial or fiscal year. The current fiscal year was adopted by the colonial British government in 1867 to align India's financial year with that of the British Empire. Prior to 1867, India followed a fiscal year that ran from 1 May to 30 April. On 4 May 2017, Madhya Pradesh announced that it would move to

2665-444: The day of travel at the station. Since May 2024, a waiting list function has been added, allowing registered users to wait for available tickets if they have been sold out. The SRT operates all of Thailand's national rail lines. As of 2023, Krung Thep Aphiwat Central Terminal is the main terminus of all long-distance services from Bangkok on the Northern, Northeastern and Southern lines, while Bangkok (Hua Lamphong) railway station

Phet Kasem Road - Misplaced Pages Continue

2730-531: The day that is closest to a particular date (for example, the Friday closest to 31 December). Under such a system, some fiscal years have 52 weeks and others 53 weeks. The calendar year is used as the fiscal year by about 65% of publicly traded companies in the United States and for most large corporations in the United Kingdom. That is the case in many countries around the world with a few exceptions such as Australia, New Zealand, and Japan. Many universities have

2795-408: The end of a week (e.g., 52 or 53 weeks in length, and therefore is not exactly one calendar year in length), or opt for its financial year to end on a date that matches the reporting cycle of its foreign parent. All entities within the one group must use the same financial year. For government accounting and budget purposes, pre- Federation colonies changed the financial year from the calendar year to

2860-556: The fiscal year is 1 July to 30 June. In France , the fiscal year is the calendar year, 1 January to 31 December, and has been since at least 1911. In Germany, the fiscal year runs from 1 January until 31 December. In Greece , the fiscal year is the calendar year, 1 January to 31 December. In Hong Kong , the government's financial year runs from 1 April to 31 March. However, a company incorporated in Hong Kong can determine its own financial year-end, which may be different from

2925-485: The fiscal year is the calendar year, 1 January to 31 December. In Italy , the fiscal year is the calendar year, 1 January to 31 December. It was changed in 1965, before which it was 1 July to 30 June. In Japan , the government's financial year is from 1 April to 31 March. Japan's income tax year is 1 January to 31 December, but corporate tax is charged according to the corporation's own annual period; most Japanese corporations elect their annual period to follow

2990-407: The fiscal year is the calendar year, 1 January to 31 December. In Bulgaria , the fiscal year is the calendar year, 1 January to 31 December, both for personal income tax and for corporate taxes. In Canada , the government's financial year is 1 April to 31 March. (Q1 1 April – 30 June, Q2 1 July – 30 Sept, Q3 1 Oct – 31 Dec and Q4 1 Jan – 31 Mar) For individual taxpayers,

3055-434: The fiscal year is the calendar year, 1 January to 31 December. In China , the fiscal year for all entities is the calendar year, 1 January to 31 December, and applies to the tax year, statutory year, and planning year. In Colombia , the fiscal year is the calendar year, 1 January to 31 December. In Costa Rica , the fiscal year is the calendar year. January to December. As of 2019 when the tax laws changed. In Egypt ,

3120-411: The fiscal year used for government purposes. The calculation of tax on an annual basis is especially relevant for direct taxes , such as income tax. Many annual government fees—such as council tax and license fees, are also levied on a fiscal year basis, but others are charged on an anniversary basis. Some companies, such as Cisco Systems , end their fiscal year on the same day of the week each year:

3185-560: The following lines: Until 2016, SRT operated international services to Butterworth in Penang , Malaysia , in conjunction with Malaysian state operator KTM . Direct trains from Bangkok now only run as far as Padang Besar , due to the opening of KTM ETS . Since 2021, there 3 return trains operate from Hat Yai Junction and terminate at Padang Besar across the Malaysia–Thailand border . SRT has also historically allowed operation of

3250-427: The government fiscal year (1 April to 31 March). In Lithuania , the fiscal year is the calendar year, 1 January to 31 December. In Macau , the government's financial year is 1 January to 31 December. In Malaysia , the tax year for individuals is the calendar year, from 1 January to 31 December. The Companies Act 2016 does not state when the fiscal year must start for companies, so businesses are free to choose

3315-583: The government fiscal year. In India , the government's financial year runs from 1 April to 31 March the following year. The financial year from 1 April 2024 to 31 March 2025 would generally be abbreviated as FY 2024-25 or( FY24-25) ( FY2024/25),(FY2024/2025),(FY24/25), but it may also be called FY 2025 or FY25 on the basis of the ending year. Companies following the Indian Depositary Receipt (IDR) are given freedom to choose their financial year. For example, Standard Chartered's IDR follows

SECTION 50

#1732790471469

3380-627: The governor and board of the State Railway of Thailand in February 2017, using his special powers under Section 44 of the interim constitution. Since 1 February 2017, Tickets can be purchased online , in person, as well was on the phone by dialling 1690. Since 1 February 2024, all long distance special express and express train tickets open up 90 days in advance. Most other tickets can only be bought up to 30 days in advance. For local ordinary and commuter trains, they only can be bought on

3445-419: The infamous Death Railway , are defunct. The SRT operates commuter rail services from Bangkok along the Northern and Northeastern Lines up to Ayutthaya, Ban Phachi Junction, Lopburi and Kaeng Khoi Junction. Ten trains run along the route on a daily basis. A new service serving between Thon Buri and Salaya was launched on 22 October 2010, extending to Nakhon Pathom on 1 June 2022 to act as a feeder service for

3510-400: The instructions. Starts at Naowa Chamnian bridge, Bangkok Yai district and goes through the following districts of Bangkok : Phasi Charoen , Bang Khae and Nong Khaem . The provinces along the road are Samut Sakhon , Nakhon Pathom , Ratchaburi , Phetchaburi , Prachuap Khiri Khan , Chumphon , Ranong , Phang Nga , Krabi , Trang , Phatthalung and Songkhla . It is linked to

3575-400: The nation's freight transportation market, in 2016 the SRT, in a joint project with Japan, started experimenting with small, 12-foot containers. It is thought that, being smaller than the standard 20-foot containers, these containers can be more easily transported by truck between a rail station and the end customer. These containers are being tried on two routes from Bangkok's Bang Sue station:

3640-402: The next 30 June. Financial years are designated by the calendar year of the second half of the period. For example, financial year 2025 is the 12-month period ending on 30 June 2025 and can be referred to as FY2024/25. It is used for official purposes, by individual taxpayers and by the overwhelming majority of business enterprises. Business enterprises may opt to use a financial year that ends at

3705-584: The past 30 years. To make up the shortfall, the SRT hires around 4,000 "yearly staffs", usually on daily wages of 300 baht. It has also caused the SRT to pay massive amounts of overtime pay to current employees. For example, one station master in Pattani was paid 61,210 baht in monthly salary, but also an additional 102,271 baht in overtime pay. As of 2020 , the staff employment quota was 4,056 but SRT hired 3,721 staffs. As of July 2019 , SRT employed 10,292 employees and 3,928 yearly staffs, totaling 14,220 while

3770-420: The public as inefficient and resistant to change. Trains are usually late, and most of its equipment is old and poorly maintained. Although SRT's operational costs amount to two baht per kilometre traveled, SRT fares defray only a fraction of that cost. SRT has not been permitted to hike fares since 1985 which is significantly below market rate. Under the auspices of the Transport Ministry, the SRT has submitted

3835-479: The rail transport's share was even smaller. Thai railways transport both bulk freight (primarily oil products and construction materials) and containerized freight. Most of the freight movement is between Bangkok and sea ports (in particular, between the deepwater port of Laem Chabang and the container terminal in Lad Krabang , in Bangkok's eastern suburbs). In an attempt to increase the railway's share of

3900-688: The river in the Khlong Toei District . The SRT hopes the project will help clear its 100 billion baht debt. The project is projected to break even within eight years and deliver profits of 140 billion baht. As of April 2019 , SRT's plans are being submitted to the Transport Ministry for approval. SRT's failings are reflected in passenger numbers, which, according to the Economist Intelligence Unit have dropped from 88 million in 1994 to 44 million in 2014, and 26 million in 2020. The SRT has long been popularly perceived by

3965-582: The tax year be 12 months or 52/53 weeks. However, short years are permitted as the first year or when changing tax years. Most countries require all individuals to pay income tax based on the calendar year. Significant exceptions include: Many jurisdictions require that the tax year conform to the taxpayer's fiscal year for financial reporting. The United States is a notable exception: taxpayers may choose any tax year, but must keep books and records for such year. In some jurisdictions, particularly those that permit tax consolidation , companies that are part of

SECTION 60

#1732790471469

4030-487: The track duplication project by March 2018. The second phase will add a second track to 2,217 km of single track over nine rail links at a cost of 398 billion baht. Government plans call for an overall investment of 600 billion baht to create 2,588 km of double-track railway. Fiscal year A fiscal year (also known as a financial year , or sometimes budget year ) is used in government accounting, which varies between countries, and for budget purposes. It

4095-437: Was a single-track railway . A government initiative to move air and road transport to rail passed a major milestone on 28 December 2017 when the SRT signed nine contracts costing 69.5 billion baht with private contractors to complete track duplication on 702 km of the SRT network. The government's aim is to reduce the nation's logistical overhead, some 1.75 trillion baht, by moving air and road freight to rail because moving

4160-456: Was difficult for it to meet in November and December to pass a budget. The Financial year is split into four quarters which cover the following periods: In Austria , the fiscal year is the calendar year, 1 January to 31 December. In Bangladesh , the fiscal year is 1 July to the next 30 June. In Belarus , the fiscal year is the calendar year, 1 January to 31 December. In Brazil ,

4225-777: Was the lead contractor for SRT's ill-fated Bangkok Elevated Road and Train System . The project commenced in 1990 and was terminated by the Thai government in 1998, only 13% complete. Hopewell and the SRT each blamed the other for the failure of the 80 billion baht project. Both parties sued, and the case has been in litigation since its cancellation. On 23 April 2019, Thailand's Supreme Administrative Court upheld an arbitration committee's ruling in favour of Hopewell. The court ordered SRT to pay Hopewell compensation of 11.88 billion baht, plus 7.5% interest per year. The interest, totaling 13 billion baht, brings SRT's total liability to nearly 25 billion baht, payable within 180 days. Rail freight, which

#468531