Thailand's cabinet approved three southern double-track railway projects (Phase 2) totaling 106.8 billion baht, spanning 6–8 years from fiscal 2025. The government will fund construction through annual budgets and domestic loans, with cost adjustments reflecting material/fuel inflation and land compensation updates. Three additional projects in principle approval require further feasibility review. Impact on SMEs: major procurement opportunities in construction materials, labor, and logistics support across southern provinces.