Thailand: business groups interested in high speed rail projects

thailandaPrime Minister Prayut Chan-o-cha has confirmed a number of Thailand’s largest business groups are interested in co-investing in high-speed rail routes which would link Bangkok with tourist destinations, reports. Among the interested groups are the Charoen Pokphand group (CP) and Thai Beverage Plc. In addition, industrial estate operator Amata Corporation Plc, consumer products giant Saha Group and skytrain operator Bangkok Mass Transit System Plc were said to be interested.
Some Thai conglomerates were in talks as a group with the government to invest in the Bangkok-Hua Hin and Bangkok-Pattaya-Rayong routes, according to Arkhom Termpittayapaisith, secretary general of the National Economic and Social Development Board.
“Talks are still in progress and they will team up [as a consortium],” Prime Minister Prayut Chan-o-cha said. A conclusion regarding the participation of these groups in the rail projects will be reached this year, he added.

Share on: