Chinese firms may be involved in Thailand logistics
July 15, 2009
China’s giant state enterprises are chasing investment opportunities in Thailand’s ambitious logistics development plan. Deputy Commerce Minister Alongkorn Ponlaboot, seen here, said the China Railway Construction Corporation and China Railway Engineering Corporation have expressed interest particularly in the planned high-speed train and double-track rail link with southern China’s train network.
Minister Alongkorn Ponlaboot said the Thai government also plans to extend the rail network from the northeast to the deep-sea port at Laem Chabang.
He added that the two Chinese state enterprises are expected to invest several hundred billion Thai baht in the projects.
The Bangkok Post reported Minister Alongkorn Ponlaboot as saying about 200 billion of the planned 800-billion-baht in loans for the 1.43- trillion-baht second economic stimulus package will go to developing logistics to increase Thailand’s competitiveness.