The Transport Ministry has rejected the Thai-Chinese high-speed train project between Bangkok and Nakhon Ratchasima due to incomplete feasibility study.
State Railway of Thailand acting governor Mr Anont Luangboriboon said the Transport Ministry wanted the SRT to conduct additional feasibility study on several scenarios such as how much impact on the SRT's revenue if passengers are below target by 10 percent or what will the SRT do if passengers are below target by 20 percent.
He said that SRT must complete the additional study and submit its findings to the board for approval before the project is to be submitted to the cabinet for endorsement.
An informed Transport Ministry source said that the SRT board had already approved the project, but the Transport Ministry felt that the feasibility study of the 179 billion baht project was incomplete and wanted more study before it is tabled to the cabinet.
Source: Thai Public Broadcasting Service (Thai PBS)