Thailand Will Invite Bids for Building China-Thailand Railway Project
Yicai Global
/SOURCE : Yicai
Thailand Will Invite Bids for Building China-Thailand Railway Project

(Yicai Global) April 12 – Thailand will call for bids for two sections of China-Thailand railway project this summer, its minister of communications and transport announced yesterday. Invitation to tender will be issued before August, said Thai minister Arkhom Termpittayapaisith in Bangkok yesterday.

Thailand and China have already agreed on the terms and conditions of the project. The two sides are likely to sign agreements after the approval of the project by the Thai government and National Assembly, Bloomberg reported yesterday. Detailed financial issues are still under discussion, the report indicated.

In August 2015, China began to build the railway with Thailand, winning the project against Japan's bid. The China-Thailand railway extends 867 kilometers, connecting Nong Khai Province in the northern border of Thailand with its capital Bangkok. The railway boasts a speed of 180 kilometers one hour and more than USD10.6 billion are invested in the whole project.

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Keywords: China , THAILAND , Business , Railway