High speed railway linking Thailand and China takes another step
A high speed rail link between Thailand and China is closer to becoming a reality, according to Thai Transport Minister Saksayam Chidchob. The signing of “Contract 2.3″ for the Bangkok-Nakhon Ratchasima section is expected in October this year. China has become a major player in the railway industry and, as a result, many countries, including Thailand, are working with China to develop their own high speed rail networks.
Following the meeting of the 28th Thai-Chinese Joint Committee, Chidchob said the 2 sides agreed on the 50.6 billion baht draft contract including the content on signaling and operation systems. The 253 kilometre rail route from Bangkok to Nakhon Ratchasima in the northeast is part of a stage 2 project which will ultimately link Bangkok to NongKhai, bordering Laos.
The first phase covers a 125 billion baht link from Bangkok to Nakhon Ratchasima. The second, expected to cost 200 billion baht,will run 355 kilometres from Nakhon Ratchasima to Nong Khai. For the second project, Thailand is working with China’s State Railway Group.
The projects form part of China’s Belt and Road Initiative, launched by President Xi Jin-ping 6 years ago, according to the president of the All-China Journalists Association.
“This Belt & Road Initiative project will help China integrate with the rest of the world and link the Chinese dream with the global dream.”
The Belt and Road Initiative was developed to bolster economic and social ties with 65 countries in Asia, Africa and Europe, covering an estimated population of 4.4 billion people.
“I think it is important. The project will help connect people in the two countries via Laos. It can help promote socio-economic development and prosperity in these two countries and also across the whole Asian region. China has made a lot of investments in Laos. Among them is the China-Laos Railway, running from Kunming to Vientiane.”
Under Contract 2.3, 80% of the payment will be made in US dollars and the remaining 20% in baht.
The signing is scheduled for October or sooner before the 5 year project commences. PM Prayut Chan-o-cha will preside over the signing ceremony at Government House.
SOURCES: Bangkok Post | TNA
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