Revised contract now readyProposed contract revisions for the high-speed rail project connecting three airports are expected to be submitted to the cabinet within two weeks, Finance Minister Pichai Chunhavajira said. The original contract was signed in 2019 by the State Railway of Thailand (SRT) and Asia Era One, a Charoen Pokphand (CP) Group subsidiary. Last Friday, the EEC Policy Committee approved proposed revisions to five key points in the contract. Under the original contract, when the private sector operates the high-speed train, the government would pay a total of 149.65 billion baht in instalments. The private sector must also provide additional guarantees beyond the original contract, totalling 160 billion baht, to ensure that the high-speed train is constructed and operational within five years.

Source: Bangkok Post October 16, 2024 02:37 UTC