Thai conglomerate Charoen Pokphand Group (CP) along with 12 other companies has won the rights to build a USD $6.8 Billion (THB 215 Billion) to build a rail link linking three of Thailand’s major airports.
In an official statement from the Thai Eastern Economic Corridor Policy (EEC) office, the new rail link was chosen and will be sent to the Thai cabinet for approval at the end of the month, following months of negotiations.
The new rail link will connect Bangkok’s main gateway – Suvarnabhumi Airport – with the low cost airport Don Mueang and U-Tapao Airport which serves the Rayong and Pattaya area. Construction time is estimated to be around five years, and the CP Group will operate the railway for a term of 45 years.
From Bangkok, U-Tapao is a 174 kilometer (108 mile) trip which currently takes an estimated 2 hour trip by car.
Joining the CP Group in the venture are strategic partners that include China's CITIC Group Corp, China Railway Construction , South Korea's Hyundai, Germany's Siemens, Italian-Thai Development Pcl and Japan Bank for International Cooperation.