Nation Thailand
CP seeks state solution for three-airport rail after 12bn-baht investment
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Charoen Pokphand Group has reaffirmed its commitment to the high-speed rail project linking three airports, saying it has already invested more than 12 billion baht and remains ready to work with the government to find a way forward.
Key facts
- Suphachai Chearavanont, senior chairman of Charoen Pokphand Group, said the group still viewed the project as a key infrastructure investment that could strengthen Thailand’s long-term competitiveness.
- The project is being developed under a public-private partnership agreement signed in October 2019 between the State Railway of Thailand and Asia Era One Co Ltd, in which CP Group is a major shareholder.
- He said the project had faced several major challenges since the joint investment contract was signed in late 2019, including the Covid-19 pandemic, global economic volatility, geopolitical conflict, changing investment costs and market
- If we had no confidence in the project, the company would not have joined the bidding, signed the joint investment contract or invested more than 12 billion baht in the project,”
Summary
Suphachai Chearavanont, senior chairman of Charoen Pokphand Group, said the group still viewed the project as a key infrastructure investment that could strengthen Thailand’s long-term competitiveness.
The three-airport high-speed rail project is designed to link Don Mueang, Suvarnabhumi and U-Tapao airports, forming one of the major transport schemes supporting the Eastern Economic Corridor. The project is being developed under a public-private partnership agreement signed in October 2019 between the State Railway of Thailand and Asia Era One Co Ltd, in which CP Group is a major shareholder.