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First market soundings for U-Tapao airport held

Private firms have lined up as potential bidders for the 200 billion baht (about US$6 billion) development project for U-Tapao airport in Rayong. “A public-private-partnership is the likely investment method for the project, Adm. Naris said. However, it is currently undecided if the 200-billion-baht plan will be split into several contracts, or if just one ToR document can refer to the entire megaproject, he added.”

Source: www.bangkokpost.com

Songkran bus safety checks ordered

After two more in a slew of fatal accidents involving substandard double-decker privately-run buses last month left several dead and injured, “all private bus operators providing passenger services during Songkran must pass a newly-introduced vehicle safety check with the Department of Land Transport,”

Source: https://www.bangkokpost.com

High-speed rail linking 3 airports wins first nod

The Eastern Economic Corridor Office (EEC Office) is proposing a high-speed railway PPP linking three main airports worth 200 billion baht. “The government will provide the project detail to investors,” said Kanit Sangsubhan, secretary-general of the EEC Office. "More than 70 companies, both local and foreign, will attend the market sounding." Critics say “the project favoured the private sector because of the unusually long concession of 50 years. Critics also say the private sector would have the right to develop and profit from the SRT’s 150-rai prime plot in Bangkok’s Makkasan, as well as land along the railway, in addition to numerous privileges offered under the EEC.”

Source: https://www.bangkokpost.com

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