Thailand: Accounting and Financial Management System Reform of Thailand’s Railway Sector

Sovereign Project | 45042-003

Summary

The PATA will improve SRT financial management and operational efficiency to support the Government's objective to make rail a competitive transport mode, with market share of rail freight transport to increase from 2% in 2010 to 8% by 2020. The PATA will enhance SRT's management, accounting, and financial information system to support future restructuring objectives.

Latest Project Documents


Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Name Accounting and Financial Management System Reform of Thailand’s Railway Sector
Project Number 45042-003
Country Thailand
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8194-THA: Accounting and Financial Management System Reform of Thailand's Railway Sector
Japan Fund for Poverty Reduction US$ 950,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Partnerships
Sector / Subsector Transport - Rail transport (non-urban)
Gender Equity and Mainstreaming
Description The PATA will improve SRT financial management and operational efficiency to support the Government's objective to make rail a competitive transport mode, with market share of rail freight transport to increase from 2% in 2010 to 8% by 2020. The PATA will enhance SRT's management, accounting, and financial information system to support future restructuring objectives.
Project Rationale and Linkage to Country/Regional Strategy Prolonged underinvestment and poor governance has kept Thailand's railway system from keeping pace with market demand and economic growth. Operating and maintenance costs are higher than for other railways in the region, and service is poor. Railway infrastructure is old, unreliable, and unsafe. The percentage of long-distance passengers on rail fell from 78% in 1993 to 55% in 209, highlighting a dramatic reduction in competitiveness compared with other transport modes. Freight transport has maintained its market share but only at 2% of total freight traffic.
Impact The SRT improving its financial management and operating more efficiently as a competitive transport mode
Project Outcome
Description of Outcome An SRT management, accounting, and financial information system developed that can be used to support future restructuring objectives of SRT as desired by the Government
Progress Toward Outcome The high-level management of the State Railway of Thailand (SRT) has agreed to support on new management, accounting, and financial information system.
Implementation Progress
Description of Project Outputs

1. The requirements specified of a new management, accounting, and financial information system for the SRT to meet its projected information requirements

2. An implementation plan prepared to support the transition of the SRT's operations and finances to the new information system and defining key activities, a timetable, expected costs and sources of finance, bid documentation, and a capacity development program

Status of Implementation Progress (Outputs, Activities, and Issues) Various meetings including trainnings and workshops were held prior to finalizing of TA reports. Deliverables under the TA were submitted and being reviewed by SRT, i.e. Financial Report, SRT Report, Stakeholder Report, FMIS specification, bidding documents, communication plan and draft Final Report. English version of the draft Final report is approved but translation (Thai) version is under the revision of the consulting team.
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design Meetings, workshops, and trainings have been held with key stakeholders within SRT and other government agencies.
During Project Implementation Training Courses on Effective Finance Function and Finance for Non Financial Manager have been conducted during November 2013. Several meetings with relevant staff in SRT, including high-level management staff have been held, where discussion and requirements of FMIS have been made in such meetings.
Business Opportunities
Consulting Services The TA engaged a firm consultant with a total of 36.1 person-months input, comprising 21.6 person-months of international and 14.5 person-months of national consulting services.
Responsible ADB Officer Oranuch Jetwattana
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Thailand Resident Mission
Executing Agencies
Ministry of FinancePublic Debt Management Office (PDMO)
Rama VI Road, Bangkok 10400
Thailand
Timetable
Concept Clearance 05 Jun 2012
Fact Finding -
MRM -
Approval 19 Oct 2012
Last Review Mission -
Last PDS Update 20 Mar 2014

TA 8194-THA

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
19 Oct 2012 20 Nov 2012 20 Nov 2012 31 Jul 2013 29 Mar 2014 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 950,000.00 0.00 0.00 0.00 0.00 950,000.00 19 Oct 2012 803,711.09

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.