Author Topic: Bangkok-Nakhonratchasima - high speed rail link - funded by government alone  (Read 679 times)

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Offline thaiga

PM reveals high speed rail link to be funded by Thai government alone



The Prime Minister has explained that the Thai government will be completing the Bangkok-Nakhonratchasima historic high-speed train route on its own with China only contributing to its construction and setting up the route’s technology.

Speaking to the press while inspecting the project, Prime Minister Gen Prayuth Chan-ocha revealed that he recently spoke to Chinese Premier Li Keqiang on the high-speed rail link between Bangkok and Nakhonratchasima. He reportedly told the Chinese premier that Thailand would continue constructing the rail line, which can handle trains traveling up to 250 kilometers per hour, with discussions on investment and funds to commence in July and the project expected to be completed this year.

The prime minister assured that the Ministry of Finance has confirmed the nation has the funds to complete the project, which is considered a historic connection between the central and northeastern regions.

Gen Prayuth affirmed that China would not be investing in the railway and would only be contributing to its construction and technological installations. He said the line would be the first of numerous future railways connecting the regions of the country and allowing existing train routes to be devoted fully to the transport of goods.

NNT
Anyone who goes to a psychiatrist should have his head examined.
 

Offline thaiga

Re: Bangkok-Nakhonratchasima - rail line to start in Sept
« Reply #1 on: July 29, 2016, 11:24:24 AM »
Construction on 1st leg of BKK-Nakhon Ratchasima rail line to start in Sept

Representatives from Thailand and China have agreed to begin construction of the Bangkok-Nakhon Ratchasima high-speed rail line on the first 3.5-kilometer section within September this year.

Thai Minister of Transport Arkhom Termpittayapaisith has held a discussion with Mr Wang Xiaotao, Vice Chairman of the National Development and Reform Commission of China, as part of the 12th Meeting of the Joint Committee on Railway Cooperation between Thailand and China. The minister affirmed after the meeting that both sides agreed to adhere to the plan to start building the first section of the Bangkok-Nakhon Ratchasima route this September.

The first section, with a distance of 3.5 kilometers, connects Klang Dong Station in Pak Chong district, Nakhon Ratchasima to the province’s border with Saraburi. Financial sources will include the central state budget and domestic loans. Details are set to be submitted to the Cabinet for approval next month.

As for the second portion of the route, stretching 11 kilometers from Pak Chong Station to Khlong Khanan Chit Station, Chinese officials reported that the softness of the soil in the area would be difficult for rail construction. As further discussions will need to be held on the idea of changing the course of the tracks, the deadline for plan submission has been extended from October to November.

The total budget for all four sections of the Bangkok-Nakhon Ratchasima route is estimated at 179 billion baht. China has proposed that Thailand seek loans in the Yuan currency at an interest rate of 3.2 percent, whereas Thailand has expressed its wish to obtain the lowest interest rate available, preferably at 2 percent.

NNT
Anyone who goes to a psychiatrist should have his head examined.
 

 



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