Chinese involvement in Thailand’s first high-speed rail project has come under much scrutiny. Photo: EPA
China wants to fund Thailand’s US$12 billion high-speed railway – but is the kingdom on track for more debt than it can handle?
- The Export-Import Bank of China has offered Thailand a low-interest loan for construction of a belt and road project linking the country with Kunming and Laos
- But repayment is just one concern, as analysts are uncertain Bangkok will ever turn a profit from the project
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Belt and Road: 2019 Forum
Chinese involvement in Thailand’s first high-speed rail project has come under much scrutiny. Photo: EPA