SRT signs 5 contracts for high-speed railway from Bangkok to Korat
The State Railway of Thailand (SRT) on Thursday signed five contracts worth a total Bt40 billion for the high-speed rail project to link Thailand and China.
The contracts are for construction of the first phase of the railway, from Bangkok to Nakhon Ratchasima. The line will eventually stretch to Nong Khai and link with another railway constructed from China to Laos, as part of Beijing’s Belt and Road Initiative.
The contracts were signed at the Transport Ministry by SRT governor Nirut Maneephan and contractors Nawarat Patanakarn, Thai Engineer Industry, Italian-Thai Development, SPTK Joint Venture, and Civil Engineering.
The five contracts cover 101.15 kilometres of the railway, with total investment budget of around Bt40.275 billion.
First-phase construction features a total of 14 contracts. Construction work under the first contract has been completed, while work under the second is ongoing. The land for construction sites will be delivered to the five new contractors by the beginning of 2021.
The remaining seven contracts will be signed over the next year, the SRT governor added.
