For those looking to head to a modern hotel in Rayong from one of Thailand’s nearby international airports, the news of a the government’s plan to build a new high-speed railway that’ll connect the Eastern Economic Corridor to the Don Mueang, Suvarnabhumi and U-tapao via a high-speed railway.
The planned development’s Terms of Reference (ToR) has recently been revealed on the 25th of May, 2018, with the costs expected to hit around 224.54 billion baht. According to the Deputy Prime Minister Somkid Jatusripitak said that private firms that are interested can buy the To R starting on the week following the joint announcement. The plan was revealed via a cooperation with the EEC Office, the Transport Ministry and the State Railway of Thailand.
The participating private firms are scheduled to submit their bids over the following weeks, with winning bids to be revealed by about July.
The railway project will involve Bangkok’s Airport Rail Link, which currently runs from Suvarnabhumi Airport in the Samut Prakan province, extending the line to connect it to Don Mueang airport in Nothern Bangkok, as well as the U-tapao Airport in the Rayong Province.
The extended route will stretch a total of 220km, while the new train can now hit a top speed of 250KpH.
The route will have nine stations, the northernmost Don Mueang, Bang Sue, Makkasan, Suvarnabhumi, Chachoengao, Chon Buri, Sri Racha, Pattaya, and U-tapao as the southermost station. Currently, Bang Sue-Don Mueang is under consideration by the State Railway of Thailand, whilst the Suvarnabhumi-U-Tapao currently under study.
If the project is completed in accordance to the schedule, the project will be operational within the next five years.
Uttama Savanayana, Industry Ministry, said that bidding for the third phase of the Laem Chabang port and the extension for the U-tapao airport, will start soon.
Deputy Secretary-General of the National Economic and Social Development Board (NESDB), Wichayayuth Boonchit, said that the Thailand EEC will be a huge help in boosting the private investments in the country.
The BoI is aiming for a total of 720 billion baht in investment applications, an increase from 2017’s 640 billion, with investment applications within the EEC aimed at 300 billion, 10 billion up from the last year’s number.