Trains ordered for Busan metro Line 1
CRRC to supply Noida metro trains
Jakarta – Bandung DBOM concession agreed
Myanma Railways orders Indian locomotives
DBK-Leasing completes Ijara wagon deal
Bangkok railway engineering education agreement signed
Singapore sovereign wealth fund takes stake in Railpool
Bangkok monorail lines approved
Contactless ticketing to be tested in Singapore
Thai conglomerate Charoen Pokphand Group (CP) and 12 other companies were selected to build a $6.8 billion high-speed train project that will link three major airports in the country, the government said on Monday.
The committee, chaired by Thai Prime Minister Prayuth Chan-ocha, chose a joint investor for the public-private partnership that required the lowest amount of investment from the government, the Eastern Economic Corridor Policy (EEC) office said in a statement.
The government’s decision came in following months of negotiations after CP and 12 other companies jointly submitted a bid for the $6.8 billion project last year.
The rail link will connect Thailand’s main international airport Suvarnabhumi to low-cost carrier airport Don Muang and U-Tapao airport in eastern Thailand.
The proposal will be sent for cabinet approval on May 28, EEC Secretary-General Kanit Sangsubhan told reporters.
The high-speed train project is slated to be completed in five years, and will be operational for 45 years under the partnership, according to the EEC portal.
The EEC project, worth $45 billion, is the centerpiece of the government’s policy to boost investments in hi-tech industrials, as it transitions from those reliant on cheap labor.
The goal is to make the east a center for hi-tech industries such as robotics and electric vehicles as well as a regional hub for aircraft maintenance.
The EEC managed to draw 297 billion baht ($9.3 billion) in promised investment in 2017.
This article first appeared on www.reuters.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2020 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.