Thai Cabinet Approves THB18 Billion Loan for State Railway Operations

On 3 November, Thailand’s Cabinet approved a borrowing framework of THB18 billion for the State Railway of Thailand to cover operating expenses during fiscal year 2027. The Ministry of Finance will guarantee the borrowing, while the railway authority remains responsible for repaying principal, interest and associated costs. The approval addresses an THB18 billion cash shortfall recorded during fiscal year 2026 and remains subject to public-debt management procedures. The decision highlights demand for public financial management, railway maintenance and state-enterprise reform. HPC can support policy research, public-sector financial analysis and infrastructure programme assessments.