Thailand: the “High Speed Rail Linking 3 Airports” project contract is signed

Between the State Railway of Thailand (SRT) and the Consortium led by Charoen Pokphand Holding (CPH)

Signed by yesterday on 24 October 2019 in Bangkok between the State Railway of Thailand (SRT) and the Consortium led by Charoen Pokphand Holding (CPH) was the contract for the realisation and exercise of the high-speed rail line set to connect the three major Thai airports.

The Consortium consists of multinationals operating in complementary sectors and all functional to the execution of a complex transport infrastructure project (construction, finance, mobility), such as CPH with 70%, China Railway Construction Corporation (CRCC) with 10%, Bangkok Expressway and Metro Plc (BEM) with 10%, Italian-Thai Development (ITD) with 5% and Ch. Karnchang with 5%.

The project, whose value is estimated at around 6 billion euro, is framed within the broader “EEC-Eastern Economic Corridor” and is structured in the form of DBFOM (Design, Build, Finance, Operate and Maintain). It envisages the completion of a 220-kilometre railway line over 5 years and the Operation & Maintenance of the same for a further 48 years (45 for HS).

Given the relevance of the event, a signing ceremony was organised in which the highest Thai institutional offices took part, along with the heads of the companies involved in the project.

FS Italiane also attended the ceremony, with FS International Executive Vice President Filippo Scotti, along with the Italian Ambassador to Bangkok, Lorenzo Galanti.

Indeed, FS International will be one of the strategic partners involved in the execution of the project for activities regarding the Operation & Maintenance of infrastructure, rolling stock, stations and deposits. The final contract is expected to be signed in the coming months.