Signed the Sino-Thai railway agreement 

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Sino-Thai railway cooperation project was formally signed the contract on March 6, Thailand is responsible for land acquisition, fundamental civil and electricity supply, China is responsible for the design, as well as high-tech infrastructure, equipment, and provides all the tracks, signals and vehicles. Operation and maintenance of railway lines by the two countries are jointly responsible. According to informed sources, China and Thailand will set up a joint venture company, is responsible for staging the railway maintenance. Specific division of labor, the first 1--3 years by the Chinese side is responsible for the first 4--7 years jointly responsible solely responsible for the Thai side for seven years, China will as a consultant. Said the contract also stipulates that the Chinese side is responsible for the construction of the valleys road, built after maintenance divided into three phases, the first 1--3 years Chinese responsible for 4--7 years and Thailand to jointly safeguard, 7 years later by the Thai side is responsible for the independent. Last December, the Thai Prime Minister Li Keqiang and Pakistan witnessed on education and Thailand railway MOU It is understood that the Thai railway project funds will come from the Thai financial allocations, loans and domestic loans to China, the Thai side requested the Chinese side to provide lower interest rates and a longer amount of interest-free period. But involves both legal lending specific details, pending further consultations, the two sides plan to meet in early May to discuss China Kunming.

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  Monday, September 26, 2016 at 5:33:16 AM

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