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Thailand's CP plans $330m seaside hub linked to high-speed rail

Retail and housing complex meant to draw more traffic to resort city Pattaya

Tourists dip their toes into the ocean near Pattaya, which has transformed from a sleepy fishing village 60 years ago into a thriving vacation destination.   © Reuters

BANGKOK -- Thai conglomerate Charoen Pokphand Group plans to build a huge commercial and residential complex in the beach city of Pattaya, the Nikkei Asian Review has learned, a project expected to boost profitability of a $7.3 billion high-speed rail line that the company has been chosen to construct.

The complex, on a site larger than 480,000 sq. meters, will include a shopping mall, hotel, cinemas and a convention center. The investment budget will be at least 10 billion baht ($327 million), a Pattaya city source said.

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