Three-airport high-speed train project stumbles forward
One of the delayed Thai high-speed rail projects is now closer to being inked by the State Railway of Thailand and CP Holding’s joint venture, once an agreement on some key details of the public-private partnership project are reached.
The new railway service will connect Bangkok’s Suvarnabhumi and Don Mueang international airports, with U-Tapao in Rayong, serving Pattaya and the government’s Eastern Economic Corridor.
Warawut Mala, SRT’s acting governor, says the panel responsible for the 220 kilometre high-speed rail, connecting the three airports, will meet representatives of the CP Holding joint venture on today.
The SRT will hand over 4,421 rai for the rail project within two years on the condition that it can complete the expropriation of 850 rai.
The cost of the high-speed rail project connecting Bangkok’s Suvarnabhumi and Don Mueang international airports with U-Tapao in Rayong is 224.5 billion baht. The CP venture is seeking 117.2 billion baht in state support.
SOURCE: The Nation
