Connect with us

China

Thailand – China high-speed train project to start in 2011

A high-speed train project, a planned joint investment project between Thailand and China, which will link between the Thai capital and Nong Khai province bordering Laos is expected to be completed in late 2015

Boris Sullivan

Published

on

high speed train China

A high-speed train project, a planned joint investment project between Thailand and China, which will link between the Thai capital and Nong Khai province bordering Laos is expected to be completed in late 2015, said Supoj Saplom, permanent secretary for Thai Transport Ministry.

Mr Supoj said after a meeting of the working committee on Friday that the meeting had discussed on preparing a draft of memorandum of understanding (MoU) on the joint venture project. The draft is expected to be ready in early January next year and forward to the cabinet for its consideration later the same month before it is submitted to the parliament for its consideration and approval in February.

high speed train China

The parliamentary process is expected to be completed in March while construction could start in 2011 and furnished in late 2015.

Initially, the Beijing investment on the project between the two countries will be on a 50-50 per cent basis while the Thai finance ministry is responsible on investment details of the project.

Two more senior Thai officials — one from Finance Ministry and the other from Foreign Affairs Ministry — have been appointed to join the working committee as the entire process involves a joint investment between the two countries.

Distance between Bangkok and Nong Khai is about 640 kilometres. Previously, the scheme involved on constructing a high-speed train with dual rail track at construction costs estimated at Bt180 billion. But the costs could be lower between 20-30 per cent after the system is switched to a standard gate high-speed train system. Upon completion, the rail system could lower goods transportation costs as well as boosting tourism between Thailand and Laos.

via Bangkok-Nong Khai high-speed train project to be completed late 2015.

China has agreed to invest in Thailand’s first high-speed railway, which was part of the talks between the two countries during Thailand’s Deputy Prime Minister’s visit to China on July 16-23. Thailand’s Deputy Prime Minister Suthep Thaugsuban Wednesday reported to Thai Cabinet that China will provide investment, technology and management support for the 240-kilometre railway line from Bangkok to province of Rayong, the country’s official MCOT news agency reported.

Suthep also disclosed that the two countries may also cooperate in railway projects at the Thai-Lao border of Thailand’s Nong Khai province to Laos and China. The line is expected to also link southern Thailand to Malaysia.

He praised the quality of China’s high-speed railway system, adding that Chinese technology for high-speed trains is highly advanced. China has said it would promote Thailand as a tourist destination among Chinese. It will as well consider buying more rice from Thailand, while adding the rail link development will provide convenience of people in the region to travel and enhance a better logistics and transport system.

Boris Sullivan

Comments

China

Hong Kong’s US-Bound Exports to be Labeled ‘Made in China’

Goods produced in Hong Kong and exported to the US must be “marked to indicate that their origin is China”, according to a notice put out by US Customs and Border Protection (CBP) on August 11, 2020.

Avatar

Published

on

This ‘Made in China’ labeling requirement on Hong Kong products was originally to take effect on September 25. To give Hong Kong exporters more breathing room to switch the labels, the US CBP has extended the enforcement date by 45 days, to November 9.

(more…)

Continue Reading

Asean

Global value chains: risk mitigation to reduce dependence on China

Risk mitigation will lead to reduced dependence on China in global value chains, and diversification will benefit ASEAN, but localisation of production will have negative effects for ASEAN producers

Boris Sullivan

Published

on

Risk mitigation will lead to reduced dependence on China in global value chains, and diversification will benefit ASEAN, but localisation of production will have negative effects for ASEAN producers
To continue reading, subscribe today : View subscription options.
Already a subscriber? Sign In here, or use a social media account to login.
Continue Reading

China

Hong Kong : no journalist in the world is free from China’s violent retribution

The new national security legislation China is imposing on Hong Kong could be used not only against journalists operating in Asia’s main financial hub, but against every journalist in the world says RSF

Boris Sullivan

Published

on

Reporters Without Borders (RSF) urges democracies to do everything in their power to compel Beijing to withdraw the law that allows it to charge any journalist writing on Hong Kong of endangering national security, an accusation that could result in life imprisonment or even the death penalty if tried in China.

(more…)

Continue Reading

Cart

Most Viewed

Events Calendar

« September 2020 » loading...
M T W T F S S
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
1
2
3
4

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 12,884 other subscribers

Latest

Trending