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Economy

Thailand throttles back on rail project with China

After launching with much fanfare last year, the original Thai-Chinese railway project has been scrapped.

BANGKOK -- Thailand will sharply scale back plans for a long-distance railway amid disagreements with China over financing, such as how to split costs estimated at up to 530 billion baht ($15 billion).

     Bangkok has decided to finance the project itself, Transport Minister Arkhom Termpittayapaisith told reporters Friday.

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