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A disagreement over the Bangkok-Nakhon Ratchasima high-speed rail project should be resolved in a week with Thai and Chinese officials finalising the total cost
Despite the Thai government's decision in March to fund the joint project unilaterally after unsuccessful talks on loan conditions offered by the Chinese government, a financial glitch still remains as Beijing, which will still supply high-speed train technology for the project, holds a different opinion on the total expenditure.
They estimate the project will cost 190 billion baht which is higher than 170 billion baht calculated by Thai authorities, Transport Minister Arkhom Termpittayapaisith said on Friday after the latest meeting between the two countries in Beijing.
Thai delegates have suggested Chinese officials trim their figure. The result should be known in one week after a new meeting when the Chinese will consider reducing the cost estimates for some jobs in the project, Mr Arkhom said.
This article first appeared on www.bangkokpost.com
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