would connect Bangkok to Phitsanulok. It is estimated to cost 280 billion baht. Seven stations are planned for this segment: Bang Sue, Don Mueang, Ayutthaya, Lopburi, Nakhon Sawan, Phichit, and Phitsanulok. To reduce costs, Thai authorities have proposed reducing the number of stations, but the Japan International Cooperation Agency (JICA) has rejected this suggestion on the grounds that it defeats the original purpose of the project. This portion of the route was scheduled to be submitted to the Thai cabinet for financial approval in August 2018. After an initial cooperation agreement was signed in 2015, the Thai government formally requested the technical and financial assistance of the Japanese government in late-2016 for the building of the Northern HSR line to Chiang Mai. The Japanese completed a feasibility study which estimated that the project will cost 420 billion baht to build. A feasibility study by JICA in mid-2018 reported that the train as planned would run at a loss. JICA's study projects only 10,000 passengers per day on the route, as opposed to the 30,000 per day forecasted in the original planning proposals. To be profitable from ticket sales would require 50,000 fares per day. The Thai government announced in September 2019 that it may cancel Bangkok-Chiang Mai high-speed rail project after private investors declined to invest. The cost of the 670 kilometre line is estimated to be 400 billion baht. Japan has turned down the project as a bad investment due to low passenger projections. Eastern HSR: Bangkok–U-Tapao Airport A HSR line to the eastern seaboard was first proposed in 1996 but there was no progress for over a decade. In 2009, the government requested the Office of Transport and Traffic Policy and Planning (OTP) to create a plan for new HSR network in Thailand that included an eastern HSR line to Rayong. The route was finalised before the 2011 election with the promise to begin construction the next year if the government was re-elected, but they lost the election. After the 2011 election, the new government reviewed all HSR plans and the SRT stated that the line would be tendered in early-2014. After the May 2014 coup there were further delays while the military government reviewed all HSR lines, initially deferring all projects. In early-2016, the government agreed to proceed with the eastern HSR route and suggested that it could be extended to Don Mueang International Airport beyond the