Bangkok – Industry Minister Uttama Savanayana this week unveiled the draft Terms of Reference (ToR) on private investment in the high-speed railway linking Don Mueang, Suvarnabhumi and U-Tapao airports, connecting the Eastern Economic Corridor.
Both domestic and foreign investors will be invited to the auction round scheduled for May 30. The ToR sale will be conducted from June 18 to July 9. Selected investors will be announced in December this year. Construction is scheduled to commence at the beginning of next year and take five years to complete. The railway is expected to be operational in 2024.
The 220-kilometer project divides investment into three parts of the rail line, consisting of Don Mueang – Phaya Thai for 21 kilometers, Phaya Thai – Suvarnabhumi for 29 kilometers, and Suvarnabhumi – U-Tapao for 170 kilometers. Once completed, travel from Bangkok to U-Tapao will take 45 minutes.
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