ASEAN KEY DESTINATIONS
Thailand plans high-speed rail
The investments would develop high-speed trains with speeds of around 250 kilometres per hour. Bangkok-Nong Khai, Bangkok-Rayong and Bangkok-Padang Besar are the three routes now being considered
A memorandum of understanding on the Thai-Chinese joint investment would identify only the main topics of co-operation. Once it receives cabinet approval, the memorandum must be approved by parliament after a public hearing is held.
A joint Thai-Chinese company with 50:50 ownership will be established, each side to arrange investors..
The joint venture would not require vast capital as the new firm could seek funding for development of a high-speed train system and repay the debt from income generated from its operation. Thai partners would be expected to provide land which, after the rail is constructed, will be given to the government.
Last week a Thai delegation studied Chinese high-speed trains in Shanghai.
High-speed trains from Bangkok to Rayong are expected to make Thai industries more competitive and the other two routes would improve tourism and the income level of the people in those provinces.
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