Construction of high-speed railway linking three airports delayed by a year: EEC

As part of the contract, Asia Era One won the concession to operate the Airport Rail Link in exchange for a fee of 10.671 billion baht plus an interest of 1.06 billion baht. A sum of 1.067 billion baht is to be paid per instalment for the first six instalments and 5.328 billion baht for the last instalment.

The instalments are scheduled to be paid within October 24 each year.

But Asia Era One said the Covid pandemic had caused the number of Airport Rail Link passengers to drop significantly, hence it was seeking an amendment to the contract to delay or lower the instalment payments.

Jula added that this year, Asia Era One is required to pay three instalments totalling 3.201 billion baht.