CP ready to invest on Bangkok-Rayong high-speed train

SHANGHAI, July 2 (TNA) -- The Charoen Pokphand Group is keen to invest on a government-sponsored high-speed train project running between Bangkok to the eastern province of Rayong, said Dhanin Chearavanont, chairman and CEO of the company. Praising the Thai government for allowing the private sector to jointly invest in improving basic infrastructure projects in the country, Mr Dhanin said his company is now studying details of the Bangkok-Rayong high-speed train and he expects the study could complete in the next few months. Although investment in the project could suffer huge losses, Mr Dhanin said it would assist the country in expanding prosperity to rural area and create advanced industry which would help the country in becoming the centre of the Association of Southeast Asian Nations (ASEAN). He said the government must display a clear policy in moving the country forward, especially on what kind of benefit investors would receive after investing in Thailand if it wants to see Thailand “entering 4.0 economy.” Although most foreign investors prefer to invest in the Philippines, Indonesia and Vietnam, all members of ASEAN, Mr Dhanin said Thailand is most prepared in the regional bloc. (TNA)