The Finance Ministry has proposed the lease term for the State Railway of Thailand’s (SRT) 497-rai plot in Makkasan subdistrict to be extended to 100 years from 60 years as planned previously, in the effort to clear the SRT’s debt. The type of property development is not concluded but the plan for land allocation has been outlined. Of the 497 rai, 140 rai is designated for commercial developments, 30 rai for a Thai train museum, 150 rai for a public park and the remaining 177 rai reserved for future development.
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