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Economy

Japan says Thai bullet train to cost nearly $13bn

Economic benefits may not outweigh financial burden for Bangkok

The Thai bullet train line between Bangkok and Chiang Mai would be slightly shorter than the Tokyo-Aomori route through northeastern Japan.

BANGKOK -- Japan estimates that construction of a shinkansen-style bullet train would cost the Thai government 420 billion baht ($12.9 billion), a price Bangkok may not be willing to pay.

Japan's State Minister of Transport Takao Makino handed a report to Thai Transport Minister Arkhom Termpittayapaisith on Thursday for a 670km bullet train running from Bangkok to Chiang Mai, estimating the project's profitability and economic impact on surrounding areas. 

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