Investors Show Interest in Airport High-Speed Train Project in Thailand

News in Asia
Investors Show Interest in Airport High-Speed Train Project in Thailand

Up to date, 31 firms have expressed their interest in financing an ambicious high-speed train project which will link three airports in Thailand, two Bangkok airports – Suvarnabhumi and Don Mueang and the Rayong based U-Tapao airport. 

The winner is expected to be announced in November, later this year. The representative of the State Railway of Thailand confirmed that bidding papers have been purchased by both Thai and foreign companies. The estimated cost of the project is about USD7.24 billion. Out of this amount the government is ready to pay about a half divided into five yearly payments until the railway line is fully ready in 2023. 

The high-speed rail link will comprise 220 km of the railway routes: 60 km and 10 stations of urban line between Don Mueang and Suvarnabhumi airports and 160 km and 5 stations of intercity line between Suvarnabhumi and U-Tapao airport. The lines will allow trains to travel at 160 km/h through urban areas reaching maximum speed of 250 km/h on the intercity stretches.

The airport high-speed train is a part of the larger Eastern Economic Corridor pilot project that unites three provinces of the Eastern Seaboard – Chachoengsao, Chonburi and Rayong – and covers 13,000 sq. km. It is aimed at supporting and stimulating the economic growth of the region through development of infrastructure, transportation systems, human resorces. 

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