Project Data Sheet
Project 45042-003
Project Data Sheet
Project 45042-003
| Project Name | Accounting and Financial Management System Reform of Thailand’s Railway Sector | ||||
| Project Number | 45042-003 | ||||
| Country / Economy | Thailand |
||||
| Project Status | Closed | ||||
| Project Type / Modality of Assistance | Technical Assistance |
||||
| Source of Funding / Amount |
|
||||
| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
||||
| Drivers of Change | Governance and capacity development Partnerships |
||||
| Sector / Subsector | Transport / Rail transport (non-urban) |
||||
| Gender | |||||
| 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 | Jetwattana, Oranuch |
| Responsible ADB Department | Southeast Asia Department |
| Responsible ADB Division | Thailand Resident Mission |
| Executing Agencies |
Ministry of Finance Public 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 |
| 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 | 18 Aug 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 | 17 Jun 2022 | 803,711.09 |