Thailand approves $5.5 bn bullet train project with China

Image
Press Trust of India Beijing
Last Updated : Jul 12 2017 | 11:28 AM IST
China has received the first overseas order to export its bullet train technology as Thailand approved a USD 5.5 billion high-speed railway project aimed at linking Bangkok with southern China.
The project is part of China's huge regional infrastructure plan to build a high-speed rail network connecting the southern city of Kunming with Laos, Thailand, Malaysia and Singapore.
Construction has already begun in Laos but the Thai segment of rail has been stymied for years by tussles over financing, loan terms and protective labour regulations in Thailand, China's state-run television CNTN has reported.
The high-speed railway is set to start operations in 2021.
The Thai order is a breakthrough of sorts for the Chinese multibillion high speed train technology as China's attempts to export the bullet train technology were bogged down due to political issues, finance or stiff competition from Japan.
China is also trying to get the New Delhi-Chennai route for the high-speed train and started feasibility study for it.
Beijing was upset after India's first bullet train route was bagged by Japan which is currently building Mumbai- Ahmedabad bullet train to operate its Shinkansen bullet trains.
China has already built a massive network of bullet trains connecting most of its cities.
It has the world's longest railway network, 22,000 kilometres by the end of 2016, about 60 per cent of the total. network.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 12 2017 | 11:28 AM IST

Next Story