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Business deals

China Railway joins CP Group to bid for Thai high-speed rail

Siemens and Hitachi withdraw from contest for $7bn project

Thailand's Prime Minister Prayuth Chan-ocha attends the groundbreaking ceremony of the Bangkok-Nong Khai high-speed rail development in Nakhon Ratchasima in December 2017. That project is partly backed by China.    © Reuters

BANGKOK -- China Railway Construction will join a consortium led by Charoen Pokphand Group to bid for the construction of Thailand's $7 billion high-speed railway project that will link three major airports.

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