Hanoi (VNA) – Thailand will build a high-speed rail linking the country’s three airports, the spine of an infrastructure scheme set to transform the southern coast into a tech hub.

An agreement worth 7.4 billion USD to begin the construction was signed on October 24 between representatives of the Thai government and a consortium, led by Charoen Pokphand Holding Co. (CP Group) of Thailand, and consisting of China Railway Construction Corporation Limited (CRCC).

Some Japanese banks have agreed to provide part of the financing for the project. The government approved 117 billion baht for the investment, while the private sector will invest 117 billion baht.

The railway spans 220 kilometres, connecting Suvarnabhumi and Don Muang airports in Bangkok to Pattaya's U-Tapao airport, enabling trains to travel at up to 250 kilometres per hour.

The high-speed line will also serve as a link to the Eastern Economic Corridor (EEC).

Construction will begin in 12 to 24 months./.