It’s Official…the high speed rail from Bangkok to Pattaya signed into agreement today, set to be finished by 2023.

Reuters – Thailand’s plans for a new $7.4 billion high-speed rail link from Bangkok to the tourist town of Pattaya got the go ahead on Thursday after months of negotiations that spilled over into public acrimony. This is one of the flagship projects of the new Eastern Economic Corridor plan to expand business and tourism in the area.

The Thai government said it had signed an agreement on Thursday to begin construction with a consortium led by conglomerate Charoen Pokphand (CP) Group and including China Railway Construction Corporation (1186.HK) (601186.SS).

Some Japanese banks have also agreed to provide part of the financing for the link, which will span 220 kilometres and is scheduled to start operating in 2023.

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