China-Thailand railway deal likely be signed in October

Date: 27 May 2020

The "Contract 2.3" for the Bangkok-Nakhon Ratchasima high-speed railway between Thailand and China is likely to be signed in October, said Thai Transport Minister Saksayam Chidchob on May 26.

Saksayam made the announcement after attending a virtual meeting of the 28th Thai-Chinese Joint Committee with Ning Jizhe, vice chairman of China's National Development and Reform Commission.

The minister said the Thai and Chinese team had agreed that the contract, estimated at 50.6 billion baht (1.58 billion U.S. dollars), involves the cost of purchasing track, electricity systems and machinery, as well as procurement of train carriages and training.

Under the contract, 80 percent of the payment will be made in the U.S. currency and the remaining 20 percent in Thai baht.

There is a total of 14 contracts involved in the 253-km rail route from Bangkok to Nakhon Ratchasima in the Northeast as a part of the Sino-Thai high-speed train project, linking Bangkok to Nong Khai, bordering Laos.

Saksayam said depending on the COVID-19 pandemic situation, there is a possibility that the signing might take place earlier than October.

The minister said that Thai Prime Minister Prayut Chan-o-cha will preside over the signing ceremony at the Government House, and according to the plan, the first 253-km leg of the railway will commence service in year 2023.

Source: The China Internet Information Center

Click here to view the original article.

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top