CP Group Joins Forces with Partners to Compete for 300 Billion Baht High-Speed Rail Connecting 3 Airports!
Mr. Atirut Thotaveesansuk, Vice President of the Special Project Development Office at Charoen Pokphand Group (CP), revealed that CP Group and its partners have formed a consortium and will submit their proposal for the high-speed rail project connecting three airports on Monday, November 12. The consortium includes partners from both Thailand and various international entities, all bringing their world-class knowledge, skills, and experience to develop the high-speed rail project. Everyone involved is committed to fully supporting Thailand.
“The high-speed rail is crucial for the country's development as it serves as a key infrastructure for the development of the Eastern Economic Corridor (EEC), which will be the heart of Thailand's 4.0 economic development. After submitting the bid, we would like to announce that we will enter a Silence Period in accordance with competitive etiquette and good governance,”
The consortium and strategic partners of CP Group consist of leading companies both nationally and globally with expertise in various fields, including Charoen Pokphand Holding (Thailand), China Railway Construction Corporation Limited (People's Republic of China), Bangkok Expressway and Metro Public Company Limited (Thailand), Italian-Thai Development Public Company Limited (Thailand), Ch. Karnchang Public Company Limited (Thailand), Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (Japan), CITIC Group Corporation (People's Republic of China), China Resources (Holdings) Company Limited (People's Republic of China), Siemens (Germany), Hyundai (South Korea), Ferrovie dello Stato Italiane (Italy), CRRC-Sifang (People's Republic of China), and the Japan Bank for International Cooperation (JBIC) (Japan), among others.
The project is expected to have a duration of both construction and service operations, with a private investment partnership lasting 50 years, and is anticipated to be valued at over 300 billion baht.
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