{"id":584602,"date":"2026-04-04T08:20:10","date_gmt":"2026-04-04T08:20:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/584602\/"},"modified":"2026-04-04T08:20:10","modified_gmt":"2026-04-04T08:20:10","slug":"industry-leaders-warn-of-mass-project-abandonment-as-costs-spiral","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/584602\/","title":{"rendered":"Industry Leaders Warn of Mass Project Abandonment as Costs Spiral"},"content":{"rendered":"<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>The Thai Contractors Association urges immediate state intervention as diesel and material costs skyrocket, warning that without aid, projects will be abandoned.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>The Thai construction industry has issued an urgent distress call to the government, warning of a potential wave of abandoned projects and site closures as the cost of essential raw materials and fuel reaches &#8220;unsustainable&#8221; levels.<\/p>\n<p>\u00a0<\/p>\n<p>Liza Ngamtrakulpanit, president of the Thai Contractors Association (TCA), warned on Wednesday that the sector is facing a terminal crossroads. Operators are now being forced to choose between halting work entirely or continuing at a loss that threatens their solvency.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>The Scale of the Surge<\/p>\n<p>Data released by the TCA highlights a staggering rise in overheads. Since early March, diesel prices have climbed by 14.30 baht per litre, triggering a domino effect across the supply chain. Key materials have followed suit:<\/p>\n<p>\u00a0<\/p>\n<p>Steel Rebar: Prices have surged by at least 4.5 baht per kg, with suppliers reporting severe stock shortages.<\/p>\n<p>\u00a0<\/p>\n<p>Concrete: Ready-mix prices have risen by up to \u00a310.15 (450 Baht) per cubic metre.<\/p>\n<p>\u00a0<\/p>\n<p>Logistics: Freight costs for heavy haulage have seen &#8220;unprecedented&#8221; spikes, with some Southern routes seeing surcharges of up to 78,000 baht per trip.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 \u00a0 The Thai Contractors Association urges immediate state intervention as diesel and material costs skyrocket, warning that&hellip;\n","protected":false},"author":2,"featured_media":584603,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,5517,164,259235,286215,206980,286216,19178,286217,286214,3725],"class_list":{"0":"post-584602","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-diesel","12":"tag-economy","13":"tag-energy-crisis","14":"tag-fuel-price-hike","15":"tag-iran-war","16":"tag-material-costs","17":"tag-oil-price","18":"tag-skyrocketing","19":"tag-thai-construction","20":"tag-thailand"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/584602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=584602"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/584602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/584603"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=584602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=584602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=584602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}