“PowerChina has expressed confidence in Thailand’s potential and is preparing to establish PowerChina (Thailand) Co Ltd to support full-scale investment in the country’s transport infrastructure.”
“Phiphat added that the company was ready to propose joint-venture arrangements with Thai firms and support access to low-interest funding, as PowerChina is fully backed and owned by the Chinese government.”
“PowerChina has previously carried out projects in Thailand worth more than US$5 billion across 15 major schemes, covering energy and infrastructure development. These include energy schemes, including wind power, as well as infrastructure works such as the Blue and Green Line mass-transit systems.”
“During the talks, the Thai side raised the Thailand-Laos-China high-speed rail project for in-depth discussion, with the aim of moving it forward and ensuring maximum benefit for the public.”
“They also voiced confidence that Thailand could become a regional hub. China places importance on joint infrastructure development with Thailand, not only in high-speed rail but also in the Laem Chabang Port Phase 3 project, in which Chinese companies are taking part.”