Thai Prime Minister Prayut Chan-o-cha announced the government’s decision to become the sole investor in the Thai-Sino railway project. The decision was reached after failed talks over the past two years with China on details of what was supposed to be a bilateral investment project.
The government will divert state budget funds and seek domestic loans to fund the dual-track rail project but will still treat it as a Thai-Chinese government-to-government project.
China will oversee the development of the rail system on the condition it will use Thai engineers and workers and the project must pass an environmental impact assessment.
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