Three Air PortsHigh Speed Rail Link’s Contract Expected To Be Signed in May.
Three Air PortsHigh Speed Rail Link’s Contract Expected To Be Signed in May.
5-4-2019–Three Airport High Speed Rail Link Project Japan-China First Co-Investment In The Third Country in ASEAN could be start in EEC, Thailand this year, after 80% negotiation Progress has made, even the Environmental Impact Assessment (EIA) Approval process required.Mr.Worawoot Mala Acting State Railway Authority of Thailand (SRT) disclosed that The negotiation with CP Holding Group in Three Airport High Speed Rail Link Project is now made 80% progress while there are remain only the normal negotiation in contract document drafting, such as the find rate in case of breaking contract and the impact to government sector that will have a sub-committee to handle the remain detail negotiation.He expected to have the contract drafting completed and ready to proceed to handle the negotiation Attorney General in the next two weeks and proceed to EEC and EIA (Environmental Impact Assessment) for approval for Cabinet approval soon, expected that the contract could be signed in after Songrant hoilday, with in May. JBIC which was trusted by China Development Bank to negotiate to have The Committee to guarantee the minimum number of passenger had finally accepted that the committee can’t guarantee the minimum number of passenger to use the high speed train but just ju\st affirm by the tourism potential for the business opportunity and willing to have the negotiation continue moving further. According to Mr.Worrawoot noe SRT is ready to have 150 rai of SRT’s Makkasan Zone land ready to be transfered to CP Holding Group after the contrarct was signed. THE negotiation of the project has been doing in nine time meeting during the past four month.After CP Holding Group decided to withdraw the 12 special condition requested for the most benefit and less risk and successfully coordinate JBIC and China Development Bank to join invest in the project as the first huge project in the third country in ASEAN that Japan-China partnership decide to invest in EEC, Thailand.
