Investment cost of the Thai-Japanese high-speed train project from Bangkok to Chiang Mai was estimated at about 420 billion baht by the Japanese Transport Ministry.
Transport Minister Arkhom Termpittayapaisith said Tuesday (Dec 19) that his Japanese counterpart had proposed a report of the estimation of the investment cost of the high-speed train project at 420 billion baht for the railroad distance of 670 kilometres with altogether 12 stations.
The maximum speed of the train is 380 kph and it will take three and a half hours for the travelling between Bangkok and Chiang Mai and vice versa.
Mr Arkhom said if the Thai government agreed with Japanese report, construction of the infrastructure could commence in 2019 for the first phase between Bangkok and Phitsanulok covering a distance of 380 kilometres which will become operational tentatively in 2025.
As for the train fare, he said several factors had to be taken into consideration such as cost of living and competition with low cost airlines.
Mr Arkhom said the Thai side will meet with its Japanese counterpart in the next three months to discuss the feasibility of the project.