Arkhom Termpittayapaisith, the minister of transportation, said that the approved high speed train project that will link Suvarnabhumi, Don Mueang and U-tapao airports will still continue onward regardless if a new government will win the next election. The project is already expected by the new hotel in Payong to help ease the travel of guests between Bangkok and the province.
The transport minister is the speaker in the upcoming 15th CLSA Asean Forum to be held in Bangkok. During the forum, a number of investment firms are expected to participate both from local and international.
He explained that measures have already been taken by the government to fast-track the approval of the high speed railway. This is expected to help improve the economic activity within the EEC or Eastern Economic Corridor.
The forum participants raised the issue of the project stalling because of the next election but he clarified that the new government will not be an issue as the scheme is set to continue.
Mr. Arkhom said that the government does not have the power to halt megaprojects especially ones that have been given approval and those that are already under construction. The only time it has happened was the postponed Hopewell project of elevated railway. He added that the government takes a lot of caution when it comes to projects similar to the high speed railway.
According to Anon Luangboriboon who is the acting governor of the State Railway of Thailand, the megaproject of the EEC has an investment is worth over 200 billion baht.
The government will shoulder around 123 billion baht for the high speed railway scheme while the remaining amount will come from investing private companies.
The track route will be 1.435 meter in width which is similar to the standard gauge. The high speed train can go as fast as 250 km per hour.
The project will begin with the first phase which is to be separated into 14 contracts. Businesses and accommodations such as new hotel in Rayong need not worry about the project’s suspension as it is expected to continue regardless.