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CP Group ahead in bid for Bt224-bn high-speed rail link project


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CP Group ahead in bid for Bt224-bn high-speed rail link project

By The Nation

 

A joint venture led by CP Group may be the front-runner in bidding for the Bt224 billion project to build a high-speed rail link between three international airports with the best offer in the third stage of bidding.

 

Warawut Mala, acting governor of the State Railway of Thailand (SRT), said CP Holding's joint venture proposes to seek government subsidy for the construction cost of less than Bt119 billion, while the BSR Group, led by Bangkok Mass Transit System (BTS), sought a subsidy higher than Bt119 billion.

 

The high-speed rail link is to connect Don Mueang, Suvarnabhumi and U-tapao airports.

 

Warawut said the BSR Group has not been ruled out of the bidding yet as the third-stage offer from the CP joint venture still has some questions regarding to financial affairs that need to be clarified.

 

Warawut added that the offer from BSR Group was clear and did not need clarification, although it asked for a construction cost subsidy higher than the ceiling.

 

Warawut said the SRT summoned the CP Group to clarify the financial information. But since the joint venture has China Railway Construction Corp as a major partner, CP has yet to consult the Chinese firm before meeting the SRT.

 

Warawut said the CP group has asked for time to meet SRT no later than December 21.

 

Warawut added that if the CP joint venture fails to clarify the financial information and if the SRT fails to negotiate with BSR Group to lower the demanded subsidy, the bidding will be reopened.

 

However, if the CP Group manages to clarify the information, it will be allowed to proceed to the fourth-stage of bidding.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30360461

 

 
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-- © Copyright The Nation 2018-12-16
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7 hours ago, colinneil said:

Of course CP  are ahead in the bidding process, as they are the only outfit that can afford the massive envelopes being demanded.

Look closer.

"the joint venture has China Railway Construction Corp as a major partner"

China Railway Construction Corporation Limited (abbreviated CRCC) is a state-owned construction enterprise based in Beijing, China.

https://en.wikipedia.org/wiki/China_Railway_Construction_Corporation_Limited

The JV led by CP is hardly a "private investor" in this project.

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4 hours ago, Bob12345 said:

Its connecting airports with a high-speed rail link, which makes you wonder why the airport than still needs to exist. The trains will compete directly with the planes.

How much high speed will you get out of ten 2 twenty stops.

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4 hours ago, Bob12345 said:

Its connecting airports with a high-speed rail link, which makes you wonder why the airport than still needs to exist. The trains will compete directly with the planes.

It is to link U-Tapao, Suvarnabhumi and Don Muang. I don't think any airlines offer flights between them!

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36 minutes ago, JAG said:

It is to link U-Tapao, Suvarnabhumi and Don Muang. I don't think any airlines offer flights between them!

And would anybody want to see every flight currently landing / departing from these 3 airports all landing / departing from just one airport?

 

IMHO that would be a good recipe for total chaos and problems. 

 

Further, IMHO governments have a responsibility to plan things / approve things so that work opportunities and business opportunities are spread both geographically and across the populace. Allowing just 1 or 2 corporations to win all contracts ultimately, in Thailand and other countries, just reinforces and increases the income and wealth gap.

 

Edited by scorecard
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9 hours ago, fondue zoo said:

One of the carriages will be a 7/11 for sure.

Where the buffet will sell those awful rubbery sausages on a stick or in a roll and the door into the carriage will constantly go "ding dong - welcome"

Edited by Burma Bill
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6 hours ago, Bob12345 said:

Its connecting airports with a high-speed rail link, which makes you wonder why the airport than still needs to exist. The trains will compete directly with the planes.

 

No, it will just open up Pattaya to more international flights by reducing the number of domestic flights.

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I can imagine if CP take over Red White and Green strips all the way, 7/11 every stop the trolley dolly up and down selling coffee 7/11, the catering car 7/11 this could be big around the world 7/11 trains the Chinese will love it 2 weeks on a 7/11 train, Ham and Cheese toasties all the way

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20 hours ago, scorecard said:

And would anybody want to see every flight currently landing / departing from these 3 airports all landing / departing from just one airport?

 

IMHO that would be a good recipe for total chaos and problems. 

 

Further, IMHO governments have a responsibility to plan things / approve things so that work opportunities and business opportunities are spread both geographically and across the populace. Allowing just 1 or 2 corporations to win all contracts ultimately, in Thailand and other countries, just reinforces and increases the income and wealth gap.

 

Does this surprise you?

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