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The Cabinet yesterday approved a project for a high-speed railway linking the three major airports - Don Mueang, Suvarnabhumi in Bangkok and U-Tapao in eastern Rayong province.
The government has assigned State Railway of Thailand to undertake the public private partnership project with a distance of 220 kilometres. The government plans to invest a maximum of Bt 119 billion in the project with the rest to be financed by private companies winning the bid, Natthaporn Jatusripitak, adviser to the PM’s Office minister said after the Cabinet meeting yesterday.
The government has estimated an economic return of Bt 700 billion in the next 100 years. They include saving in energy cost, easing of traffic jam, use of U-Tapao airport, job creations and commercial land development generated from the project, he said.
