The State Railway of Thailand (SRT) has said it will now be able to save billions of baht in additional costs in the execution of a high-speed rail project linking Don Mueang, Suvarnabhumi and U-tapao airports.
SRT said this is possible due to the concessionaire, Asia Era One, agreeing to amend the construction contract and shoulder costs.
The SRT expects to save up to 27 billion baht, said SRT governor Nirut Maneephan.
Some 9.2 billion baht of this figure is required to fund the construction of a high-speed railway structure the project is sharing with the Thai-Chinese high-speed train project, he said.
The SRT also expects to save billions of baht in interest that would have needed to have been paid if it had not agreed to begin repaying construction costs of the project to Asia Era One from the 21st month instead of the 25th month as agreed in the initial…
