Thailand to build high-speed rail linking three airports
Thailand will build a high-speed rail linking the country’s three airports, the spine of an infrastructure scheme set to transform the southern coast into a tech hub.
Hanoi (VNA) – Thailand will build a high-speed rail linking thecountry’s three airports, the spine of an infrastructure scheme set totransform the southern coast into a tech hub.
An agreement worth 7.4 billion USD to begin the construction was signed onOctober 24 between representatives of the Thai government and a consortium, ledby Charoen Pokphand Holding Co. (CP Group) of Thailand, and consisting of ChinaRailway Construction Corporation Limited (CRCC).
Some Japanese banks have agreed to provide part of the financing for the project.The government approved 117 billion baht for the investment, while the privatesector will invest 117 billion baht.
The railway spans 220 kilometres, connecting Suvarnabhumi and Don Muang airportsin Bangkok to Pattaya's U-Tapao airport, enabling trains to travel at up to 250kilometres per hour.
The high-speed line will also serve as a link to the Eastern Economic Corridor(EEC).
The smart city initiative in the framework of the Eastern Economic Corridor (EEC) is likely to be the second development project in Thailand with the participation of China and Japan, following a high-speed rail network project.
Thailand’s cabinet on May 28 approved a draft contract worth 225 billion baht (7.07 billion USD) to build a high-speed rail connecting the country’s three major airports of Don Mueang, Suvarnabhumi and U-Tapao.
The National Economic and Social Development Council (NESDC) plans to propose developing a Southern economic corridor (SEC) to the new government in a similar scenario to the ongoing Eastern economic corridor (EEC) scheme.
The Thai government plans to allocate 17 billion baht (560 million USD) for the development of the Eastern Economic Corridor (EEC) in fiscal 2020, according toKobsak Pootrakool, deputy secretary-general to Prime Minister General Prayut Chan-o-cha.
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