Thailand to go ahead with $12b high-speed railway project

ShinkansenThailand is going ahead with plans for a $12-billion high-speed railway connection linking Bangkok and Chiang Mai to be built with Japanese help, a deputy government spokesman said on May 26, one of several large public investments the government hopes will stimulate Southeast Asia’s second largest economy.

Thailand’s Transport Minister Prajin Juntong and his Japanese counterpart Akihiro Ota signed a memorandum of understading during talks in Tokyo. The agreement will enable the two countries to begin a feasibility study and evaluate demand and the profitability of a roughly 660-kilometer high-speed railway project.

Construction could begin as early as the second quarter of 2016. Major Japanese companies, such as East Japan Railway Co, Hitachi, Mitsubishi Heavy Industries, and Mitsui & Co, are considering joining the project, according to the Japanese Transport Ministry.

The government has yet to disclose details on a second railway route connecting the Thai capital Bangkok to various industrial zones on Thailand’s eastern seaboard.

The railway projects are separate from the government’s eight-year investment plan worth more than $56 billion to upgrade infrastructure, including the development of public transportation, railways, roads and sea and air transportation.

 



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Thailand is going ahead with plans for a $12-billion high-speed railway connection linking Bangkok and Chiang Mai to be built with Japanese help, a deputy government spokesman said on May 26, one of several large public investments the government hopes will stimulate Southeast Asia's second largest economy. Thailand's Transport Minister Prajin Juntong and his Japanese counterpart Akihiro Ota signed a memorandum of understading during talks in Tokyo. The agreement will enable the two countries to begin a feasibility study and evaluate demand and the profitability of a roughly 660-kilometer high-speed railway project. Construction could begin as early as the second...

ShinkansenThailand is going ahead with plans for a $12-billion high-speed railway connection linking Bangkok and Chiang Mai to be built with Japanese help, a deputy government spokesman said on May 26, one of several large public investments the government hopes will stimulate Southeast Asia’s second largest economy.

Thailand’s Transport Minister Prajin Juntong and his Japanese counterpart Akihiro Ota signed a memorandum of understading during talks in Tokyo. The agreement will enable the two countries to begin a feasibility study and evaluate demand and the profitability of a roughly 660-kilometer high-speed railway project.

Construction could begin as early as the second quarter of 2016. Major Japanese companies, such as East Japan Railway Co, Hitachi, Mitsubishi Heavy Industries, and Mitsui & Co, are considering joining the project, according to the Japanese Transport Ministry.

The government has yet to disclose details on a second railway route connecting the Thai capital Bangkok to various industrial zones on Thailand’s eastern seaboard.

The railway projects are separate from the government’s eight-year investment plan worth more than $56 billion to upgrade infrastructure, including the development of public transportation, railways, roads and sea and air transportation.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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