Thai Examiner
Democrat Party spokesman wants answers from the government over long promised but stalled rail link
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Key facts
- CP-linked operator seeks exit from ฿224.5bn project after seven bleak years
- Thailand’s ฿224.5 billion three-airport high-speed railway faces collapse after seven years without construction
- Meanwhile, banks have rejected financing, and over ฿10 billion in Airport Rail Link payments remains outstanding
- CP-linked concessionaire seeks to end 2019 railway contract as state railway insists deal remains binding
- The CP Group-linked consortium wants to terminate its 2019 contract, but the State Railway of Thailand refuses to accept its withdrawal
- Thailand’s ฿224.5 billion high-speed railway linking three international airports faces possible collapse after seven years of delays
Summary
### Three-airport rail deal on the brink. CP-linked operator seeks exit from ฿224.5bn project after seven bleak years. Banks refuse fresh loans, ฿10bn in rail fees remains unpaid and PM Anutin faces a court showdown as the EEC scheme hangs in the balance.
Thailand’s ฿224.5 billion three-airport high-speed railway faces collapse after seven years without construction. On Sunday, Democrat Party spokesman Pasin Pitutecha warned that the crisis threatened the entire Eastern Economic Corridor (EEC). The CP Group-linked consortium wants to terminate its 2019 contract, but the State Railway of Thailand refuses to accept its withdrawal.
Thailand’s ฿224.5 billion high-speed railway linking three international airports faces possible collapse after seven years of delays. On Sunday, November 1, Democrat Party deputy spokesman Pasin Pitutecha demanded answers from the government.