Thailand Greenlights $400MN Spending Hike for Sino-Built High-Speed Rail Project
Thailand’s cabinet on Tuesday authorized a 12 billion baht-budget increase (nearly U.S. $400 million) for a high-speed railway being built by Chinese state firms between northeastern Nakhon Ratchasima province and the capital Bangkok, a government spokeswoman said.
The additional money was needed for technical changes to accommodate a faster model of train on the 253 km- (157.2 mile-) long line, she said. The $5.8 billion project, originally slated for completion in 2023, is now expected to be ready in a little more than five years, she added.
