Thailand signs deals with Chinese state firms for high-speed railway


Chinese President Xi Jinping (R) and Thai Prime Minister Prayuth Chan-o-cha (L) shake hands before the group photo session of Dialogue of Emerging Market and Developing Countries, in sideline of 2017 BRICS Summit in Xiamen, Fujian province in China, September 5th 2017

Bangkok: Thailand have signed two contracts, worth 5.2 billion baht (US$157mil), with Chinese state enterprises for a high-speed rail project with China, Anon Luengboriboon, acting governor of the State Railway of Thailand, told Reuters.

The first contract covers the detailed engineering design of the project worth 1.7 billon baht, while the second involves the hiring of Chinese technical advisers, worth 3.5 billion baht.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Thailand , high speed rail , Prayuth , China ,

   

Next In Business News

Sapura Energy gets US$1.8bil worth of PLSV-related contracts
OCK enters tower leasing agreement, marks debut into Laos
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme
FBM KLCI soars above 1,600, highest in over two years
Bursa reach to bridge investor-remisier gap
BP profits drop to US$2.7bil, refinery outage offsets higher output
UOB Malaysia launches Masterclass to help businesses for EU's Carbon Border Policy
Oil climbs after Israel strikes Gaza, truce talks continue
Overcapacity talk won't affect MNCs' commitment
Nintendo expects to sell 13.5 mln Switch units this year

Others Also Read