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

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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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Reading Time: 1 minute

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.

Reading Time: 1 minute

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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