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.
