Nation Thailand
EEC sees three-airport high-speed rail at risk ahead of board review
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Thailand’s high-speed rail project linking Don Mueang, Suvarnabhumi and U-Tapao airports faces possible collapse after its private partner sought to terminate its contract and financial institutions declined to provide funding, according to the Easte
Key facts
- Chula Sukmanop, secretary-general of the EECO, acknowledged on Monday (October 26) that the original project would be extremely difficult to deliver because circumstances had changed considerably and financial feasibility studies had
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Summary
Chula Sukmanop, secretary-general of the EECO, acknowledged on Monday (October 26) that the original project would be extremely difficult to deliver because circumstances had changed considerably and financial feasibility studies had raised serious concerns about its commercial viability.
The project, developed under a public-private partnership (PPP) agreement, has also become entangled in contractual disputes involving the CP Group-linked private concessionaire and the State Railway of Thailand (SRT).