RFT Files Lawsuit Against CP Group Over 13.3 Billion Baht Airport Rail Link Fees; High-Speed Train Contract Termination Looms
Bangkok Biz News
Key summary
The State Railway of Thailand (RFT) has filed a lawsuit with the Administrative Court against the Asia Era Wan Company (CP Group) and seven other guarantors, seeking payment of unpaid joint investment fees for the Airport Rail Link totaling 13,335 million baht plus interest. The RFT also sued Bangkok Bank and Siam Commercial Bank as guarantors. Simultaneously, the CP Group has notified its intent to terminate the high-speed train contract, citing an inability to obtain a BOI certificate to commence construction. Meanwhile, Prime Minister Anutin Charnvirakul is expected to convene the Eastern Economic Corridor (EEC) Policy Committee to decide between amending the contract or terminating it.
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Official source
Bangkok Biz News
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