Real topic among numerous expats and retirees here in Pattaya, the high speed train connecting Bangkok to Pattaya is now an official project! With a commissioning scheduled for 2023 and no less than 9 stations served, this is great news for both Bangkok and Pattaya, here is all you need to know about this gigantic project!
After difficult negotiations because of the size of the project and the numerous investors involved, an agreement was finally found and signed this Thursday, October 24, officially formalizing this project of a 220 kilometers high speed train line aiming to connect Bangkok and Pattaya, among others.
The project represents a total cost of just under $ 8 billion, supported by a group of investors including the Thai government (up to 119 billion baht or just over $ 3.9 billion), and a group of private investors (up to 117 billion baht or just under $ 3.9 billion) including the China Railway Construction Corporation, some large Japanese banks, and some Thai investors including the CP group.
Construction is expected to begin in the coming months and the line is expected to be operational by 2023, allowing people to travel at 250 km / h, thus connecting Bangkok and Pattaya in less than 45 minutes. There will be no less than 9 stations that will be served:
- Bangkok (Don Mueang airport)
- Bangkok (Bang Sue train station)
- Bangkok (Makkasan train station)
- Bangkok (Suvarnabhumi airport)
- Chon Buri
- Sri Racha
- Pattaya / Rayong (U-tapao airport)
The officialization of this high-speed train line is very good news for Pattaya, which will be accessible more quickly and easily from Bangkok and its international airports and which should therefore allow Pattaya to see its number of visitors increase even faster.
This is also great news for the seaside resort’s real estate sector as this infrastructure project should initially allow more tourists and therefore potential tenants to be transported, also to allow a quick connection between Bangkok and Pattaya and potentially to see people working in Bangkok come to settle in Pattaya and finally in a second time, the emergence of this type of infrastructure should allow to consider mid-term capital appreciation.
- More information about this high speed line on the official EEC’s website.
- Read all about Pattaya in our dedicated section.