On October 24, 2019, the CP Consortium (CPH) has signed a public-private partnership deal worth 225 billion baht with the State Railway of Thailand to jointly invest in the High-Speed Railway Project (HSR) linking three of Thailand’s main airports (Suvarnabhumi, Don Mueang and U-tapao airports), honored by Prime Minister Prayut Chan-o-cha, as a chairman in this signing ceremony.
The high-speed train linking three airports is expected to be opened for services in 2023. The completion of this project with bring prosperity to the community around the stations. The return to Thai economy is expected to be about 650 billion baht, which is the key to elevate Thai economy according to Thailand 4.0 policy.
Moreover, the project will create up to 16,000 jobs and other businesses related to the project up to 100,000 jobs in the next five years.
In addition, the CP Consortium consisted of Charoen Pokphand Group (CP), Italian-Thai Development Public Company Limited (ITD), China Railway Construction Corporation Limited (CRCC), CH. Karnchang Public Company Limited (CK) and Bangkok Express and Metro Public Company Limited (BEM).