ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

Thailand's PTT seeks bidding partner for $7bn rail project

Energy group expects high-speed link to cut logistics costs and boost retail revenue

Thai energy group PTT sees opportunities to expand its retail business -- an important revenue generator --  along the proposed high-speed rail line.   © Reuters

BANGKOK -- Thai oil and gas group PTT is in discussions with potential partners about a joint bid for an estimated $7 billion high-speed train project linking three major airports, as part of the country's Eastern Economic Corridor plan to promote high-value manufacturing

The move would pave the way for Thailand's largest company by market value to make its first investment in railway operations. PTT believes that operating a railway line would help it cut logistics costs, as well as offer new expansion opportunities for its retail business, which is due to float on the Thai stock exchange by next year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more