At the Fast Neutron Research Facility (FNRF), Chiang Mai University (Thailand), the SURIYA project has been established aiming to produce femtosecond electron pulses utilizing a combination of an S-band thermionic rf gun and a magnetic bunch compressor ({alpha}-magnet). A specially designed rf-gun has been constructed to obtain optimum beam characteristics for the best bunch compression. Simulation results show that bunch lengths as short as about 50 fs rms can be expected at the experimental station. The electron bunch lengths will be determined using autocorrelation of coherent transition radiation (TR) through a Michelson interferometer. The paper discusses beam dynamics studies, design, fabrication and cold tests of the rf-gun as well as presents the project current status and forth-coming experiments