Concession agreement for High-speed rail PPP project in Thailand to be signed in May
The signing of the concession agreement for the THB 225 billion (US $6.8 billion) High-Speed Rail Project linking three major airports is expected to take place before the end of May.
The State Railway of Thailand (SRT) will prepare a draft agreement for the Office of the Attorney General. The final negotiations with the bid winner will be held before May 15 and the plan will be forwarded for cabinet approval before May 28, 2019.
A consortium led by Charoen Pokphand Group (CP) submitted the lowest bid for the line linking Don Mueang airport in Bangkok with Suvarnabhumi in Samut Prakan and U-Tapao in Rayong.
CP Group consortium consists of China Railway Construction, CITIC Group, Siemens, Hyundai, Bangkok Expressway and Metro, Japan Bank for International Cooperation and Ferrovie dello Stato Italiane. It also includes Italian-Thai Development, CH Karnchang, Japan Overseas Infrastructure Investment for Transport & Urban Development, China Resources (Holdings), and CRRC-Sifang.
High-speed rail PPP project is one of the major infrastructure projects to be developed in the Eastern Economic Corridor (EEC) investment zone. Thailand’s cabinet approved the construction of the project in March 2018. Construction is expected to be commenced in 2019, with completion scheduled for 2023.
The project will run along a 29km stretch of the existing railway route and 191km of a new high-speed rail route. The project will feature 21km extension from Airport Rail Link at Don Mueang International Airport in Bangkok to Phaya Thai. As well as the construction of a 29km line of Airport Rail Link from Phaya Thai to Suvarnabhumi Airport, and a new 170km line from Suvarnabhumi Airport to U-Tapao Airport. The project also requires installation of electrical and mechanical systems (signaling, power, communications, automatic fare collection, platform door, and train and carriage electrical supply). And an operation and maintenance facility will also be built in order to carry out inspection and maintenance.
Country news
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December 18, 2018
State Railway of Thailand reveals lowest bidder for US$6.8 million high speed rail PPP
The acting governor of the State Railway of Thailand (SRT) has announced that a consortium led by Charoen Pokphand Ground (CP) has submitted the lowest bid to develop a 220km high-speed rail line linking Suvarnabhumi and Don Mueang airports in Bangkok, with U-Tapao, a joint civil-military airport in Rayong province.
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June 25, 2018
Airport expansion PPP launched in Thailand with market sounding
The Government of Thailand has launched the tender of the U-Tapao Airport expansion PPP project with a market sounding session. The event aimed to provide the participants with project information and associated plans and policies, and to invite expressions of interest.
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May 04, 2018
JBIC pledges to support HSR PPP in Thailand
The Japan Bank for International Cooperation (JBIC) has pledged to finance Thailand's TBH224.54 billion (US$7.1 billion) high-speed railway linking three major airports, Bangkok and the Eastern Economic Corridor, to be developed through a public-private partnership (PPP).
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April 03, 2018
Government of Thailand approves US$7.2 billion high-speed rail PPP
The Government of Thailand has approved the country's second high-speed railway PPP project, which will involve the development of a 220km line linking three international airports. It is expected to cost approximately THB225 billion (US$7.2 billion).
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January 15, 2018
Thailand to launch tender for brownfield motorway PPPs
The Department of Highways (DOH), within Thailand's Ministry of Transport, is to hold a seminar to announce the tender and invite the private sector to participate in public-private partnerships for the operation and maintenance (O&M) of Bang Pa-in – Nakhon Ratchasima Intercity Motorway (M6) and Bang Yai – Kanchanaburi Intercity Motorway (M81).
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