Deals
Thai Billionaire's Global Consortium to Bid for Rail Project
- Dhanin Chearavanont’s C.P. allies with Asian, European firms
- Consortium to bid for $6.8 billion Thai rail link for airports
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Billionaire Dhanin Chearavanont’s Charoen Pokphand Group is teaming up with companies from Asia and Europe to bid for a 225 billion-baht ($6.8 billion) high-speed rail link connecting three international airports in Thailand.
The link, one of the largest transportation projects in Thai history, is a key part of the infrastructure agenda championed by the military government that seized power in May 2014. The winning bidder is due to be selected by January, according to the Eastern Economic Corridor Office, the agency overseeing the plan.